XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 3,198 $ 3,498
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations, net (182) 0
Depreciation, depletion and amortization of assets 5,394 5,142
Deferred income tax provision (benefit) (182) 148
Asset impairments and other charges 21 209
(Gains) losses on sales of assets, net 52 (197)
Noncash charges to income and other 339 343
Changes in operating assets and liabilities:    
(Increase) decrease in receivables (532) 609
Increase in inventories (226) (44)
(Increase) decrease in other current assets 219 (367)
Decrease in accounts payable and accrued liabilities (430) (583)
Increase in current domestic and foreign income taxes 512 311
Operating cash flow from continuing operations 8,183 9,069
Operating cash flow from discontinued operations, net of taxes (100) 0
Net cash provided by operating activities 8,083 9,069
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (5,237) (4,726)
Change in capital accrual (39) (48)
Purchases of assets, businesses and equity investments, net (9,037) (220)
Proceeds from sales of assets and equity investments, net 1,662 405
Equity investments and other, net (149) (422)
Net cash used by investing activities (12,800) (5,011)
CASH FLOW FROM FINANCING ACTIVITIES    
Draws on receivables securitization facility 0 900
Payment of receivables securitization facility 0 (900)
Proceeds from long-term debt, net 9,612 0
Payments of long-term debt, net (4,007) (22)
Proceeds from issuance of common stock 571 92
Redemption of preferred stock 0 (1,661)
Purchases of treasury stock (9) (1,611)
Cash dividends paid on common and preferred stock (1,069) (1,035)
Contributions from noncontrolling interest 146 0
Payment for taxes related to stock-based award settlement (103) (99)
Other financing, net (95) (99)
Net cash provided (used) by financing activities 5,046 (4,435)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 329 (377)
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 1,464 1,026
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 1,793 $ 649