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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Consolidated net earnings $ 1,996 $ 1,170 $ 867
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:      
Depreciation, depletion and amortization 573 513 506
Stock-based compensation expense 58 50 43
Net gains on divestitures, sales of assets and extinguishment of debt (1,369) (2) (196)
Deferred income taxes, net (45) (36) (1)
Noncash portion of asset and portfolio rationalization charge 50 0 0
Other items, net (15) (16) (12)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts receivable, net 81 31 (12)
Inventories, net (52) (189) (132)
Accounts payable 17 (17) (31)
Other assets and liabilities, net 165 24 (41)
Net Cash Provided by Operating Activities 1,459 1,528 991
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (855) (650) (482)
Acquisitions, net of cash acquired (3,642) 0 11
Proceeds from divestitures and sales of assets 2,160 427 687
Proceeds from sale of restricted investments to discharge long term debt 0 700 0
Purchase of restricted investments to discharge long-term debt 0 0 (704)
Investments in limited liability company (117) (27) 0
Other investing activities, net 10 9 4
Net Cash (Used for) Provided by Investing Activities (2,444) 459 (484)
Cash Flows from Financing Activities:      
Borrowings of long-term debt 2,758 0 0
Repayments of long-term debt (1,690) (700) (54)
Payments on finance lease obligations (20) (17) (15)
Dividends paid (189) (174) (160)
Repurchases of common stock (450) (150) (150)
Shares withheld for employees’ income tax obligations (32) (22) (29)
Other financing activities, net (4) (1) 1
Net Cash Provided by (Used for) Financing Activities 373 (1,064) (407)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (612) 923 100
Cash, Cash Equivalents and Restricted Cash, beginning of year 1,282 359 259
Cash, Cash Equivalents and Restricted Cash, end of year $ 670 $ 1,282 $ 359