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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Consolidated net income $ 1,387 $ 1,145
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,057 1,026
Deferred income tax expense (benefit) 14 31
Interest accretion on landfill and environmental remediation liabilities 66 65
Provision for bad debts 26 20
Equity-based compensation expense 57 47
Net gain on disposal of assets (50) (20)
(Gain) loss from divestitures, asset impairments and other, net 56 (3)
Equity in net (income) losses of unconsolidated entities, net of dividends (3) 23
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables (127) (105)
Other current assets (30) (29)
Other assets 63 43
Accounts payable and accrued liabilities 85 (22)
Deferred revenues and other liabilities (80) (147)
Net cash provided by operating activities 2,521 2,074
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (243) (118)
Capital expenditures (1,335) (1,180)
Proceeds from divestitures of businesses and other assets, net of cash divested 58 46
Other, net (839) (87)
Net cash used in investing activities (2,359) (1,339)
Cash flows from financing activities:    
New borrowings 9,180 11,356
Debt repayments (8,752) (11,074)
Common stock repurchase program (262) (620)
Cash dividends (608) (572)
Exercise of common stock options 36 25
Tax payments associated with equity-based compensation transactions (48) (28)
Other, net (10) (6)
Net cash used in financing activities (464) (919)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (4) 2
(Decrease) increase in cash, cash equivalents and restricted cash and cash equivalents (306) (182)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 552 445
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 246 $ 263