CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income		$ 1,098	$ 944
Adjustments to reconcile net income to net cash provided by operating activities:
Charges and credits		25	(36)
Depreciation and amortization	[1]	600	563
Deferred taxes		(30)	112
Stock-based compensation expense		100	81
Earnings of equity method investments, less dividends received		(16)	(32)
Change in assets and liabilities:
Increase in receivables	[2]	(429)	(509)
Increase in inventories	[2]	(172)	(288)
Decrease in other current assets	[2]	46	54
Decrease (increase) in other assets	[2]	7	(10)
Decrease in accounts payable and accrued liabilities	[2]	(885)	(473)
Decrease in estimated liability for taxes on income	[2]	(46)	(84)
Other	[2]	29	8
NET CASH PROVIDED BY OPERATING ACTIVITIES		327	330
Cash flows from investing activities:
Capital expenditures		(399)	(410)
APS investments		(121)	(133)
Exploration data costs capitalized		(29)	(52)
Business acquisitions and investments, net of cash acquired		(27)	(244)
Proceeds from sale of Liberty shares			137
Sale of short-term investments, net		390	236
Other		35	(81)
NET CASH USED IN INVESTING ACTIVITIES		(151)	(547)
Cash flows from financing activities:
Dividends paid		(357)	(249)
Proceeds from employee stock purchase plan		100	86
Proceeds from exercise of stock options		15	35
Taxes paid on net settled stock-based compensation awards		(78)	(88)
Stock repurchase program		(270)	(230)
Proceeds from issuance of long-term debt		345	559
Net decrease in short-term borrowings		(9)	(50)
Other		(13)	(1)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES		(267)	62
Net increase in cash before translation effect		(91)	(155)
Translation effect on cash		(21)	1
Cash, beginning of period		2,900	1,655
Cash, end of period		$ 2,788	$ 1,501

[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.