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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net income $ 3,521 $ 3,072 $ 3,889
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,798 1,633 1,577
Loss on impairments 161 357 0
Share-based compensation 125 123 101
Gains on disposals from discontinued operations, businesses and long-lived assets, net (431) (66) (1,422)
Deferred tax expense (benefit) 180 (64) (63)
Loss from equity method investments 108 17 0
Pension and other postretirement benefits net periodic benefit cost 34 31 30
Non-cash operating lease costs 262 293 273
Other items, net 14 68 45
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts receivable, net (122) (164) (226)
Inventories (224) (60) (655)
Accounts payable 48 144 403
Operating lease liabilities (287) (276) (269)
Other assets (69) 25 (45)
Other liabilities (86) (72) 205
Pension and other postretirement benefits contributions (43) (44) (43)
Net cash provided by operating activities 4,989 5,017 3,800
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment, and intangibles (2,578) (1,817) (1,523)
Acquisitions, net of cash acquired (4,900) (640) (3,253)
Deferred divestiture consideration received 1,001 0 3,712
Proceeds from disposal of long-lived assets 272 104 115
Dividends received from equity method investments 44 44 36
Settlements of derivatives (9) (1) (11)
Deferred divestiture consideration received 83 6 52
Other investing activities, net (204) (87) (45)
Net cash used in investing activities (6,291) (2,391) (917)
Cash Flows from Financing Activities:      
Proceeds from debt issuances 4,001 3,163 38
Payments on debt (1,859) (1,462) (364)
Settlements of derivatives (36) 7 (11)
Payments of finance lease obligations (57) (26) (28)
Deferred and contingent acquisition consideration paid (21) (22) (24)
Dividends paid (1,706) (940) (917)
Distributions to noncontrolling and redeemable noncontrolling interests (53) (35) (23)
Transactions involving noncontrolling interests 19 (2) (3)
Repurchases of common stock (1,482) (3,067) (1,178)
Proceeds from exercise of stock options 8 4 11
Net cash used in financing activities (1,186) (2,380) (2,499)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (143) 208 (231)
(Decrease)/increase in cash and cash equivalents, including restricted cash (2,631) 454 153
Cash and cash equivalents and restricted cash at the beginning of year 6,390 5,936 5,783
Cash and cash equivalents and restricted cash at the end of year 3,759 6,390 5,936
Supplemental cash flow information:      
Cash paid for interest (including finance leases) 599 418 329
Cash paid for income taxes 960 959 1,043
Reconciliation of cash and cash equivalents and restricted cash      
Cash and cash equivalents presented in the Consolidated Balance Sheets 3,720 6,341 5,936
Restricted cash presented in the Consolidated Balance Sheets 39 0 0
Cash and cash equivalents included in Assets held for sale 0 49 0
Total cash and cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows $ 3,759 $ 6,390 $ 5,936