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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income $ 3,753 $ 3,732
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,975 1,957
Deferred income taxes 94 202
Other, net (141) (127)
Changes in current assets and liabilities:    
Accounts receivable, net 42 9
Materials and supplies 16 (110)
Other current assets 64 26
Accounts payable and other current liabilities (313) (611)
Net cash provided by operating activities 5,490 5,078
Investing Activities    
Capital expenditures excluding equipment (2,433) (2,606)
Acquisition of equipment (346) (252)
Purchases of investments and investments in time deposits (29) (24)
Other, net (144) (108)
Net cash used in investing activities (2,952) (2,990)
Financing Activities    
Proceeds from issuance of long-term debt 1,300 1,600
Payments on long-term debt and finance leases (1,237) (1,539)
Cash distributions (2,800) (1,100)
Other, net (18) (15)
Net cash used in financing activities (2,755) (1,054)
Increase (decrease) in cash and cash equivalents (217) 1,034
Cash and cash equivalents:    
Beginning of period 2,148 1,938
End of period 1,931 2,972
Supplemental Cash Flow Information    
Interest paid, net of amounts capitalized 798 800
Capital investments accrued but not yet paid 189 406
Income taxes paid, net of refunds $ 1,099 $ 1,174