CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income		$ 1,605	$ 927
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	[1]	533	527
Amortization of capitalized software and acquired intangible assets		598	547
Stock-based compensation		320	268
Net (gain)/loss on divestitures, asset sales and other	[2]	(253)	(5)
Changes in operating assets and liabilities, net of acquisitions/divestitures	[2]	1,365	1,509
Net cash provided by operating activities		4,168	3,774
Cash flows from investing activities:
Payments for property, plant and equipment		(239)	(300)
Proceeds from disposition of property, plant and equipment		12	11
Investment in software		(134)	(168)
Acquisition of businesses, net of cash acquired		(82)	(22)
Divestitures of businesses, net of cash transferred		703	0
Purchases of marketable securities and other investments		(4,934)	(8,531)
Proceeds from disposition of marketable securities and other investments		464	1,050
Net cash provided by/(used in) investing activities		(4,210)	(7,960)
Cash flows from financing activities:
Proceeds from new debt		5,486	9,432
Payments to settle debt		(2,106)	(2,125)
Short-term borrowings/(repayments) less than 90 days — net		1	(3)
Common stock repurchases for tax withholdings		(199)	(96)
Financing — other		216	(3)
Cash dividends paid		(1,522)	(1,497)
Net cash provided by/(used in) financing activities		1,877	5,708
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(159)	24
Net change in cash, cash equivalents and restricted cash		1,676	1,547
Cash, cash equivalents and restricted cash at January 1		13,089	7,988
Cash, cash equivalents and restricted cash at March 31		$ 14,765	$ 9,535

[1] Includes operating lease right-of-use assets amortization expense of $0.2 billion in 2024 and 2023.

[2] Prior period has been reclassified to conform to the change in 2024 presentation.