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Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash Provided by (Used for) Operating Activities:          
Net Income $ 319 $ 623 $ 885 $ 1,220  
Adjustments to reconcile net income to cash provided by operating activities:          
Depreciation     133 133  
Amortization and impairment of intangible assets 35 41 71 84  
Change in deferred income taxes     22 39  
Provision for uncollectible accounts     4 3  
(Income) loss from investments     (5) (11)  
(Gain) loss on sale of plant and equipment     0 1  
(Gain) loss on sale of operations and affiliates     (1) 6  
Stock-based compensation expense     17 22  
Other non-cash items, net     4 6  
(Increase) decrease in-          
Trade receivables     302 (116)  
Inventories     (14) 11  
Prepaid expenses and other assets     23 14  
Increase (decrease) in-          
Accounts payable     (76) 20  
Accrued expenses and other liabilities     (96) (114)  
Income taxes     80 (17)  
Other, net     2 0  
Net cash provided by operating activities     1,351 1,301  
Cash Provided by (Used for) Investing Activities:          
Acquisition of businesses (excluding cash and equivalents)     0 (4)  
Additions to plant and equipment     (116) (154)  
Proceeds from investments     10 15  
Proceeds from sale of plant and equipment     5 6  
Proceeds from sales of operations and affiliates     0 2  
Other, net     (2) (16)  
Net cash provided by (used for) investing activities     (103) (151)  
Cash Provided by (Used for) Financing Activities:          
Cash dividends paid     (680) (654)  
Issuance of common stock     28 24  
Repurchases of common stock     (706) (750)  
Net proceeds from (repayments of) debt with original maturities of three months or less     0 (2)  
Proceeds from debt with original maturities of more than three months     0 1,774  
Repayments of debt with original maturities of more than three months     0 (1,350)  
Other, net     (17) (12)  
Net cash provided by (used for) financing activities     (1,375) (970)  
Effect of Exchange Rate Changes on Cash and Equivalents     (42) (7)  
Cash and Equivalents:          
Increase (decrease) during the period     (169) 173  
Beginning of period     1,981 1,504 $ 1,504
End of period $ 1,812 $ 1,677 1,812 1,677 $ 1,981
Supplementary Cash Flow Information:          
Cash Paid During the Period for Interest     119 151  
Cash Paid During the Period for Income Taxes, Net of Refunds     $ 153 $ 373