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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 1,114 $ 751
Adjustments to reconcile net income to cash provided from operations:    
Depreciation and amortization 158 138
Deferred income taxes 9 12
Restructuring and other credits (93) (4)
Net realized and unrealized losses 8 11
Net periodic pension cost (F) 23 21
Stock-based compensation 57 39
Other 5 2
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
Increase in receivables (K) (196) (170)
Increase in inventories (L) (165) (81)
(Increase) decrease in prepaid expenses and other current assets (53) 6
Increase in accounts payable, trade 279 74
Decrease in accrued expenses (59) (47)
Decrease in taxes, including income taxes (27) (20)
Pension contributions (21) (15)
Increase in noncurrent assets (7) (2)
Increase (decrease) in noncurrent liabilities 4 (16)
Cash provided from operations 1,036 699
Financing Activities    
Net change in commercial paper (O) 450 0
Additions to debt (O) 1,200 0
Repurchases and payments on debt (O) (186) (77)
Debt issuance costs (O) (12) 0
Repurchases of common stock (600) (300)
Dividends paid to shareholders (97) (83)
Taxes paid for net share settlement of equity awards (65) (44)
Other (5) (2)
Cash provided from (used for) financing activities 685 (506)
Investing Activities    
Capital expenditures (D) (198) (221)
Acquisitions, net of cash acquired (C) (1,929) 0
Proceeds from the sale of assets and businesses (C) 225 8
Other 2 1
Cash used for investing activities (1,900) (212)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0 0
Net change in cash, cash equivalents and restricted cash (179) (19)
Cash, cash equivalents and restricted cash at beginning of period 743 565
Cash, cash equivalents and restricted cash at end of period $ 564 $ 546