CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income		$ 944	$ 520
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	[1]	563	533
Deferred taxes		112	(14)
Stock-based compensation expense		81	89
Earnings of equity method investments, less dividends received		(32)	6
Change in assets and liabilities:
Increase in receivables	[2]	(509)	(404)
Increase in inventories	[2]	(288)	(464)
Decrease (increase) in other current assets	[2]	54	(177)
Increase in other assets	[2]	(10)	(25)
(Decrease) increase in accounts payable and accrued liabilities	[2]	(473)	89
(Decrease) increase in estimated liability for taxes on income	[2]	(84)	8
Increase (decrease) in other liabilities	[2]	2	(5)
Other	[2]	(30)	(25)
NET CASH PROVIDED BY OPERATING ACTIVITIES		330	131
Cash flows from investing activities:
Capital expenditures		(410)	(304)
APS investments		(133)	(168)
Exploration data costs capitalized		(52)	(40)
Business acquisitions and investments, net of cash acquired		(244)
Proceeds from sale of Liberty shares		137	84
Sale of short-term investments, net		236	336
Other		(81)	(23)
NET CASH USED IN INVESTING ACTIVITIES		(547)	(115)
Cash flows from financing activities:
Dividends paid		(249)	(175)
Proceeds from employee stock purchase plan		86	64
Proceeds from exercise of stock options		35	7
Stock repurchase program		(230)
Proceeds from issuance of long-term debt		559
Net (decrease) increase in short-term borrowings		(50)	16
Taxes paid on net settled stock-based compensation awards		(88)	(81)
Other		(1)	(1)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		62	(170)
Net decrease in cash before translation effect		(155)	(154)
Translation effect on cash		1	(3)
Cash, beginning of period		1,655	1,757
Cash, end of period		$ 1,501	$ 1,600

[1] Includes depreciation of fixed assets and amortization of intangible assets, exploration data costs, and APS investments.

[2] Net of the effect of business acquisitions.