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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 5,087 $ 5,946 $ 5,990
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,625 2,528 2,456
Deferred income taxes 99 10 446
Other, net (169) (56) (2,635)
Changes in current assets and liabilities:      
Accounts receivable, net (100) (88) (73)
Materials and supplies (46) (88) (61)
Other current assets 173 111 50
Accounts payable and other current liabilities (370) 388 336
Net cash provided by operating activities 7,299 8,751 6,509
Investing Activities      
Capital expenditures excluding equipment (3,497) (3,355) (2,735)
Acquisition of equipment (423) (177) (174)
Purchases of investments and investments in time deposits (24) (23) 0
Proceeds from sales of investments and maturities of time deposits 0 0 1
Other, net (68) (69) (17)
Net cash used for investing activities (4,012) (3,624) (2,925)
Financing Activities      
Proceeds from issuance of long-term debt 1,600 1,000 1,550
Payments on long-term debt and finance leases (1,562) (932) (1,543)
Cash distributions (3,100) (5,000) (3,800)
Other, net (15) (15) (19)
Net cash used for financing activities (3,077) (4,947) (3,812)
Increase (decrease) in cash and cash equivalents 210 180 (228)
Cash and cash equivalents:      
Beginning of period 1,938 1,758 1,986
End of period 2,148 1,938 1,758
Supplemental Cash Flow Information      
Interest paid, net of amounts capitalized 1,047 1,020 1,032
Capital investments accrued but not yet paid 469 307 238
Income taxes paid, net of refunds 1,358 1,749 1,386
Non-cash asset financing $ 0 $ 176 $ 16