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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Consolidated net earnings $ 1,340 $ 470
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:    
Depreciation, depletion and amortization 272 253
Stock-based compensation expense 33 28
Gain on divestitures and sales of assets (1,336) (16)
Deferred income taxes, net (90) 1
Noncash asset and portfolio rationalization charge 50 0
Other items, net (5) (4)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (151) (196)
Inventories, net (63) (92)
Accounts payable 40 45
Other assets and liabilities, net 83 30
Net Cash Provided by Operating Activities 173 519
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (339) (293)
Acquisitions, net of cash acquired (2,538) 0
Proceeds from divestitures and sales of assets 2,121 95
Other investing activities, net (10) 1
Net Cash Provided Used for Investing Activities (766) (197)
Cash Flows from Financing Activities:    
Payments on finance lease obligations (10) (8)
Dividends paid (92) (83)
Repurchases of common stock (450) (150)
Distributions to owners of noncontrolling interest 0 (1)
Proceeds from exercise of stock options 0 1
Shares withheld for employees' income tax obligations (28) (18)
Net Cash Used for Financing Activities (580) (259)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (1,173) 63
Cash, Cash Equivalents and Restricted Cash, beginning of period 1,282 359
Cash, Cash Equivalents and Restricted Cash, end of period $ 109 $ 422