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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Consolidated net income $ 1,364 $ 1,387
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,364 1,057
Deferred income tax expense (benefit) 79 14
Interest accretion on landfill and environmental remediation liabilities 71 66
Provision for bad debts 43 26
Equity-based compensation expense 92 57
Net gain on disposal of assets (12) (50)
(Gain) loss from divestitures, asset impairments and other, net 26 56
Equity in net (income) loss of unconsolidated entities, net of dividends (7) (3)
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables (323) (127)
Other current assets (52) (30)
Other assets 141 63
Accounts payable and accrued liabilities 42 85
Deferred revenues and other liabilities (75) (80)
Net cash provided by operating activities 2,753 2,521
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (366) (243)
Capital expenditures (1,563) (1,335)
Proceeds from divestitures of businesses and other assets, net of cash divested 103 58
Other, net (89) (839)
Net cash used in investing activities (1,915) (2,359)
Cash flows from financing activities:    
New borrowings 9,135 9,180
Debt repayments (9,234) (8,752)
Common stock repurchase program   (262)
Cash dividends (669) (608)
Exercise of common stock options 50 36
Tax payments associated with equity-based compensation transactions (49) (48)
Other, net (14) (10)
Net cash used in financing activities (781) (464)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents 8 (4)
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 65 (306)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 487 552
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 552 $ 246