CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income		$ 1,055	$ 1,605
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	[1]	536	533
Amortization of capitalized software and acquired intangible assets		641	598
Stock-based compensation		401	320
Net (gain)/loss on divestitures, asset sales and other		(22)	(253)
Changes in operating assets and liabilities, net of acquisitions/divestitures		1,759	1,365
Net cash provided by operating activities		4,370	4,168
Cash flows from investing activities:
Payments for property, plant and equipment		(244)	(239)
Proceeds from disposition of property, plant and equipment/other		74	12
Investment in software		(151)	(134)
Purchases of marketable securities and other investments		(6,486)	(4,934)
Proceeds from disposition of marketable securities and other investments		927	464
Acquisition of businesses, net of cash acquired		(7,098)	(82)
Divestiture of businesses, net of cash transferred		(1)	703
Net cash provided by/(used in) investing activities		(12,979)	(4,210)
Cash flows from financing activities:
Proceeds from new debt		8,378	5,486
Payments to settle debt		(1,257)	(2,106)
Short-term borrowings/(repayments) less than 90 days — net		(29)	1
Common stock repurchases for tax withholdings		(284)	(199)
Proceeds from issuance of shares	[2]	216	260
Financing — other	[2]	(32)	(44)
Cash dividends paid		(1,549)	(1,522)
Net cash provided by/(used in) financing activities		5,443	1,877
Effect of exchange rate changes on cash, cash equivalents and restricted cash		167	(159)
Net change in cash, cash equivalents and restricted cash		(2,999)	1,676
Cash, cash equivalents and restricted cash at January 1		14,160	13,089
Cash, cash equivalents and restricted cash at March 31		$ 11,161	$ 14,765

[1] Includes operating lease right-of-use assets amortization expense of $0.2 billion in 2025 and 2024.

[2] Prior-year amounts have been reclassified to conform to the change in 2025 presentation.