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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:          
Net income (loss) $ 609 $ 655 $ 1,322 $ 1,271  
Adjustments to reconcile net income (loss) to net cash flows from operating activities:          
Depreciation, depletion and amortization     534 486  
Changes in assets and liabilities:          
Receivables     (496) (337)  
Accounts payable     176 66  
Inventories     (45) (318)  
Other operating activities     77 6  
Total cash flows provided by operating activities     1,568 1,174  
Cash flows from investing activities:          
Capital expenditures     (677) (571)  
Payments to Acquire Marketable Securities     (282) (270)  
Payments to Acquire Businesses, Net of Cash Acquired     (22) (12)  
Proceeds from sales of property, plant and equipment     108 90  
Other investing activities     (24) (36)  
Total cash flows used in investing activities     (774) (696)  
Cash flows from financing activities:          
Dividends to shareholders     (302) (289)  
Payments for Repurchase of Common Stock     500 348  
Other financing activities     (36) (7)  
Total cash flows used in financing activities     (838) (644)  
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations     (82) (75)  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total     (126) (241)  
Cash and equivalents at beginning of period $ 2,264 $ 2,346 2,264 2,346 $ 2,346
Cash and equivalents at end of period         2,264
Cash and equivalents at end of period     2,138 2,105 $ 2,264
Cash payments during the period for:          
Interest     218 228  
Income taxes     $ 283 388  
Maximum Percentage Gross Trade Receivables From One Customer     10.00%   10.00%
Proceeds from Sale and Maturity of Marketable Securities     $ 123 $ 103  
UNITED STATES | Accounts Receivable [Member] | Geographic Concentration Risk [Member]          
Cash payments during the period for:          
Concentration Risk, Percentage     31.00%   33.00%
MEXICO | Accounts Receivable [Member] | Geographic Concentration Risk [Member]          
Cash payments during the period for:          
Concentration Risk, Percentage     13.00%   9.00%