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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Consolidated net income $ 1,807 $ 1,740
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,545 1,493
Deferred income tax expense (benefit) 69 (53)
Interest accretion on landfill and environmental remediation liabilities 97 84
Provision for bad debts 36 36
Equity-based compensation expense 71 71
Net gain on disposal of assets (33) (5)
(Gain) loss from divestitures, asset impairments and other, net (3) 17
Equity in net losses of unconsolidated entities, net of dividends 41 49
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables (197) (101)
Other current assets (26) (47)
Other assets 67 19
Accounts payable and accrued liabilities 63 325
Deferred revenues and other liabilities (200) (141)
Net cash provided by operating activities 3,337 3,487
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (139) (207)
Capital expenditures (1,853) (1,725)
Proceeds from divestitures of businesses and other assets, net of cash divested 68 18
Other, net (83) (122)
Net cash used in investing activities (2,007) (2,036)
Cash flows from financing activities:    
New borrowings 17,319 5,916
Debt repayments (16,991) (5,429)
Common stock repurchase program (990) (1,061)
Cash dividends (855) (811)
Exercise of common stock options 29 39
Tax payments associated with equity-based compensation transactions (28) (39)
Other, net (9) (6)
Net cash used in financing activities (1,525) (1,391)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents   (6)
(Decrease) increase in cash, cash equivalents and restricted cash and cash equivalents (195) 54
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 445 194
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 250 $ 248