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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Consolidated net earnings $ 1,702 $ 887
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:    
Depreciation, depletion and amortization 424 385
Stock-based compensation expense 48 39
(Gain) Loss on divestitures and sales of assets (1,341) 5
Deferred income taxes, net (79) (2)
Noncash asset and portfolio rationalization charge 50 0
Other items, net (9) (8)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (153) (264)
Inventories, net (48) (130)
Accounts payable 55 45
Other assets and liabilities, net 124 16
Net Cash Provided by Operating Activities 773 973
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (622) (464)
Acquisitions, net of cash acquired (2,538) 0
Proceeds from divestitures and sales of assets 2,128 98
Proceeds from sale of restricted investments related to discharge of long-term debt 0 700
Other investing activities, net (32) (8)
Net Cash (Used for) Provided by Investing Activities (1,064) 326
Cash Flows from Financing Activities:    
Borrowings of debt 490 0
Repayments of debt (795) (700)
Payments on finance lease obligations (14) (13)
Dividends paid (141) (128)
Repurchases of common stock (450) (150)
Distributions to owners of noncontrolling interest (1) (1)
Proceeds from exercise of stock options 0 1
Shares withheld for employees' income tax obligations (28) (19)
Net Cash Used for Financing Activities (939) (1,010)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (1,230) 289
Cash, Cash Equivalents and Restricted Cash, beginning of period 1,282 359
Cash, Cash Equivalents and Restricted Cash, end of period $ 52 $ 648