XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Consolidated net income $ 2,147 $ 1,807
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,615 1,545
Deferred income tax expense (benefit) 65 69
Interest accretion on landfill and environmental remediation liabilities 99 97
Provision for bad debts 37 36
Equity-based compensation expense 84 71
Net gain on disposal of assets (72) (33)
(Gain) loss from divestitures, asset impairments and other, net 62 (3)
Equity in net (income) losses of unconsolidated entities, net of dividends (4) 41
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables (230) (197)
Other current assets (38) (26)
Other assets 93 67
Accounts payable and accrued liabilities 149 63
Deferred revenues and other liabilities (128) (200)
Net cash provided by operating activities 3,879 3,337
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (782) (139)
Capital expenditures (2,116) (1,853)
Proceeds from divestitures of businesses and other assets, net of cash divested 99 68
Other, net (40) (83)
Net cash used in investing activities (2,839) (2,007)
Cash flows from financing activities:    
New borrowings 10,914 17,319
Debt repayments (10,619) (16,991)
Common stock repurchase program (262) (990)
Cash dividends (909) (855)
Exercise of common stock options 42 29
Tax payments associated with equity-based compensation transactions (49) (28)
Other, net (20) (9)
Net cash used in financing activities (903) (1,525)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (2)  
(Decrease) increase in cash, cash equivalents and restricted cash and cash equivalents 135 (195)
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 $ 687 $ 250