XML 22 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 1,423 $ 1,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 821 785
Share-based compensation 63 60
Gains on disposals from businesses and long-lived assets, net (248) (23)
Deferred tax expense 197 95
Income from equity method investments (2) (7)
Pension and other postretirement benefits net periodic benefit cost 18 14
Non-cash operating lease costs 151 138
Other items, net (16) 35
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (1,371) (1,758)
Inventories (175) (22)
Accounts payable 232 558
Operating lease liabilities (151) (137)
Other assets (107) (2)
Other liabilities (39) 69
Pension and other postretirement benefits contributions (23) (23)
Net cash provided by operating activities 773 963
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (1,130) (771)
Acquisitions, net of cash acquired (2,522) (198)
Proceeds from divestitures and disposals of long-lived assets 1,096 42
Dividends received from equity method investments 15 12
Settlements of derivatives (3) 7
Deferred divestiture consideration received 55 0
Other investing activities, net (128) (62)
Net cash used in investing activities (2,617) (970)
Cash Flows from Financing Activities:    
Proceeds from debt issuances 3,370 855
Payments on debt (1,691) (849)
Settlements of derivatives (3) 4
Payments of finance lease obligations (21) (12)
Deferred and contingent acquisition consideration paid (10) (4)
Dividends paid (1,231) (761)
Distributions to noncontrolling and redeemable noncontrolling interests (22) (23)
Repurchases of common stock (907) (959)
Proceeds from exercise of stock options 0 3
Net cash used in financing activities (515) (1,746)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (85) 92
Decrease in cash and cash equivalents, including restricted cash (2,444) (1,661)
Cash and cash equivalents and restricted cash at the beginning of period 6,390 5,936
Cash and cash equivalents and restricted cash at the end of period 3,946 4,275
Supplemental cash flow information:    
Cash paid for interest (including finance leases) 216 201
Cash paid for income taxes 304 277
Reconciliation of cash and cash equivalents and restricted cash    
Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets 3,066 4,275
Restricted cash presented in the Condensed Consolidated Balance Sheets 869 0
Cash and cash equivalents included in Assets held for sale 11 0
Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows $ 3,946 $ 4,275