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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net income $ 3,790 $ 3,521 $ 3,072
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 2,156 1,798 1,633
Loss on impairments 40 161 357
Share-based compensation 143 125 123
Gains on disposals from businesses and long-lived assets, net (247) (431) (66)
Deferred tax expense (benefit) 167 180 (64)
(Income) loss from equity method investments (26) 108 17
Pension and other postretirement benefits net periodic benefit cost 21 34 31
Non-cash operating lease costs 292 262 293
Other items, net 3 14 68
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts receivable, net 121 (122) (164)
Inventories (161) (224) (60)
Accounts payable (158) 48 144
Operating lease liabilities (310) (287) (276)
Other assets (210) (69) 25
Other liabilities 45 (86) (72)
Pension and other postretirement benefits contributions (41) (43) (44)
Net cash provided by operating activities 5,625 4,989 5,017
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment, and intangibles (2,713) (2,578) (1,817)
Acquisitions, net of cash acquired (3,856) (4,900) (640)
Proceeds from divestitures 139 1,001 0
Proceeds from disposal of long-lived assets 315 272 104
Dividends received from equity method investments 50 44 44
Settlements of derivatives (81) (9) (1)
Deferred divestiture consideration received 42 83 6
Other investing activities, net 59 (204) (87)
Net cash used in investing activities (6,045) (6,291) (2,391)
Cash Flows from Financing Activities:      
Proceeds from debt issuances 10,479 4,001 3,163
Payments on debt (7,612) (1,859) (1,462)
Settlements of derivatives 121 (36) 7
Payments of finance lease obligations (131) (57) (26)
Deferred and contingent acquisition consideration paid (31) (21) (22)
Dividends paid (996) (1,706) (940)
Distributions to noncontrolling and redeemable noncontrolling interests (34) (53) (35)
Transactions involving noncontrolling interests 28 19 (2)
Repurchases of common stock (1,181) (1,482) (3,067)
Amounts related to employee share plans (47) 8 4
Net cash provided by (used in) financing activities 596 (1,186) (2,380)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash 212 (143) 208
Increase (decrease) in cash and cash equivalents, including restricted cash 388 (2,631) 454
Cash and cash equivalents and restricted cash at the beginning of year 3,759 6,390 5,936
Cash and cash equivalents and restricted cash at the end of year 4,147 3,759 6,390
Supplemental cash flow information:      
Cash paid for interest (including finance leases) 724 599 418
Cash paid for income taxes 831 960 959
Reconciliation of cash and cash equivalents and restricted cash      
Cash and cash equivalents presented in the Consolidated Balance Sheets 4,096 3,720 6,341
Restricted cash presented in the Consolidated Balance Sheets 51 39 0
Cash and cash equivalents included in Assets held for sale 0 0 49
Total cash and cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows $ 4,147 $ 3,759 $ 6,390