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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 2,370 $ 2,511
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,327 1,300
Deferred income taxes 60 111
Other, net (86) (81)
Changes in current assets and liabilities:    
Accounts receivable, net 53 72
Materials and supplies (17) 17
Other current assets 42 (21)
Accounts payable and other current liabilities (570) (812)
Net cash provided by operating activities 3,179 3,097
Investing Activities    
Capital expenditures excluding equipment (1,524) (1,605)
Acquisition of equipment (232) (72)
Purchases of investments and investments in time deposits (29) (21)
Other, net (130) (176)
Net cash used in investing activities (1,915) (1,874)
Financing Activities    
Proceeds from issuance of long-term debt 1,300 1,600
Payments on long-term debt and finance leases (530) (737)
Cash distributions (2,100) (1,100)
Other, net (16) (13)
Net cash used in financing activities (1,346) (250)
Increase (decrease) in cash and cash equivalents (82) 973
Cash and cash equivalents:    
Beginning of period 2,148 1,938
End of period 2,066 2,911
Supplemental Cash Flow Information    
Interest paid, net of amounts capitalized 529 517
Capital investments accrued but not yet paid 184 362
Income taxes paid, net of refunds $ 731 $ 825