CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income		$ 3,381	$ 3,249
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	[1]	1,088	1,114
Amortization of capitalized software and acquired intangible assets		1,535	1,328
Stock-based compensation		1,004	842
Net (gain)/loss on divestitures, asset sales and other		(78)	(40)
Changes in operating assets and liabilities, net of acquisitions/divestitures		836	(421)
Net cash provided by operating activities		7,766	6,071
Cash flows from investing activities:
Payments for property, plant and equipment		(461)	(454)
Proceeds from disposition of property, plant and equipment/other		31	111
Investment in software		(313)	(314)
Purchases of marketable securities and other investments		(2,871)	(7,740)
Proceeds from disposition of marketable securities and other investments		3,123	4,962
Acquisition of businesses, net of cash acquired		(10,480)	(7,845)
Divestiture of businesses, net of cash transferred		1	(1)
Net cash provided by/(used in) investing activities		(10,970)	(11,281)
Cash flows from financing activities:
Proceeds from new debt		7,437	8,385
Payments to settle debt		(7,141)	(2,565)
Short-term borrowings/(repayments) less than 90 days — net		0	(29)
Common stock repurchases for tax withholdings		(465)	(437)
Proceeds from issuance of shares		418	401
Financing — other		(91)	(54)
Cash dividends paid		(3,166)	(3,112)
Net cash provided by/(used in) financing activities		(3,008)	2,589
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(211)	487
Net change in cash, cash equivalents and restricted cash		(6,423)	(2,134)
Cash, cash equivalents and restricted cash at January 1		13,640	14,160
Cash, cash equivalents and restricted cash at June 30		$ 7,217	$ 12,026

[1] Includes operating lease right-of-use assets amortization expense of $0.4 billion in 2026 and 2025.