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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (146) $ (2,013)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Discontinued operations, net 445 0
Depreciation, depletion and amortization of assets 2,194 2,309
Deferred income tax benefit (81) (218)
Asset impairments and other charges 135 1,768
Gains on sales of equity investments and other assets, net (111) (7)
Other noncash benefits to income (301) (355)
Changes in operating assets and liabilities:    
(Increase) decrease in receivables (937) 3,909
(Increase) in inventory (311) (68)
(Increase) decrease in other current assets (82) 254
(Decrease) in accounts payable and accrued liabilities (42) (4,332)
Increase in current domestic and foreign income taxes 25 48
Operating cash flow from continuing operations 788 1,295
Operating cash flow from discontinued operations, net of taxes 122 44
Net cash provided by operating activities 910 1,339
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (579) (1,300)
Change in capital accrual (75) (435)
Purchases of businesses and assets, net (105) (35)
Proceeds from sales of equity investments and other assets, net 496 112
Equity investments and other, net (10) 142
Investing cash flow from continuing operations (273) (1,516)
Investing cash flow from discontinued operations (9) (14)
Net cash used by investing activities (282) (1,530)
CASH FLOW FROM FINANCING ACTIVITIES    
Payments of long-term debt (174) 0
Proceeds from issuance of common stock 6 90
Purchases of treasury stock (3) 0
Cash dividends paid on common and preferred stock (211) (913)
Financing portion of net cash received (paid) for derivative instruments 45  
Financing portion of net cash received (paid) for derivative instruments   (149)
Other financing, net (15) (47)
Financing cash flow from continuing operations (352) (1,019)
Financing cash flow from discontinued operations (2) 0
Net cash used by financing activities (354) (1,019)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 274 (1,210)
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 2,194 3,574
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 2,468 $ 2,364