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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 3,097 $ 2,079
Adjustments to reconcile consolidated net income to net cash flows from operating activities:    
Depreciation and amortization 4,534 4,795
Stock compensation expense 251 234
Noncash interest income, net (7) (15)
Deferred income taxes 115 371
Other, net (153) 124
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (200) (44)
Prepaid expenses and other assets (133) (113)
Accounts payable, accrued liabilities and other (123) 319
Net cash flows from operating activities 7,381 7,750
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (4,050) (3,702)
Change in accrued expenses related to capital expenditures 128 (125)
Other, net (160) (145)
Net cash flows from investing activities (4,082) (3,972)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings of long-term debt 16,631 10,958
Repayments of long-term debt (11,947) (5,759)
Payments for debt issuance costs (57) (58)
Purchase of treasury stock (7,020) (7,168)
Proceeds from exercise of stock options 5 26
Purchase of noncontrolling interest (994) (1,090)
Distributions to noncontrolling interest (7) (71)
Other, net (28) 94
Net cash flows from financing activities (3,417) (3,068)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (118) 710
CASH AND CASH EQUIVALENTS, beginning of period 601 1,001
CASH AND CASH EQUIVALENTS, end of period 483 1,711
CASH PAID FOR INTEREST 2,150 1,996
CASH PAID FOR TAXES $ 470 $ 69