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Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net income (loss) $ 114 $ (31)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation, depletion and amortization 397 384
Share-based compensation 30 31
Gains on disposals from businesses and long-lived assets, net (123) (5)
Deferred tax (benefit) expense (36) 49
Loss from equity method investments 4 6
Pension and other postretirement benefits net periodic benefit cost 9 8
Non-cash operating lease costs 75 69
Other items, net (25) (3)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (326) (356)
Inventories (270) (217)
Accounts payable (396) (339)
Operating lease liabilities (75) (70)
Other assets (77) (21)
Other liabilities 1 (164)
Pension and other postretirement benefits contributions (14) (12)
Net cash used in operating activities (712) (671)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (506) (332)
Acquisitions, net of cash acquired (2,206) (155)
Proceeds from divestitures and disposals of long-lived assets 739 6
Dividends received from equity method investments 6 8
Settlements of derivatives (13) (2)
Other investing activities, net (116) (17)
Net cash used in investing activities (2,096) (492)
Cash Flows from Financing Activities:    
Proceeds from debt issuances 1,818 71
Payments on debt (651) 0
Settlements of derivatives (1) 6
Payments of finance lease obligations (9) (6)
Deferred and contingent acquisition consideration paid (7) (4)
Dividends paid (750) 0
Distributions to noncontrolling and redeemable noncontrolling interests (17) (13)
Repurchases of common stock (559) (246)
Proceeds from exercise of stock options 0 1
Net cash used in financing activities (176) (191)
Effect of exchange rate changes on cash and cash equivalents (97) 68
Decrease in cash and cash equivalents (3,081) (1,286)
Cash and cash equivalents at the beginning of period 6,390 5,936
Cash and cash equivalents at the end of period 3,309 4,650
Supplemental cash flow information:    
Cash paid for interest (including finance leases) 45 54
Cash paid for income taxes 159 104
Reconciliation of cash and cash equivalents    
Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets 3,308 4,650
Cash and cash equivalents included in assets held for sale 1 0
Total cash and cash equivalents presented in the Condensed Consolidated Statements of Cash Flows $ 3,309 $ 4,650