XML 25 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated net income $ 5,261 $ 5,849 $ 5,320
Adjustments to reconcile consolidated net income to net cash flows from operating activities:      
Depreciation and amortization 8,696 8,903 9,345
Stock compensation expense 692 470 430
Noncash interest, net 20 (17) (23)
Deferred income taxes (80) 87 826
Other, net 291 29 181
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:      
Accounts receivable (44) (342) (35)
Prepaid expenses and other assets (572) (202) (167)
Accounts payable, accrued liabilities and other 169 148 362
Net cash flows from operating activities 14,433 14,925 16,239
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (11,115) (9,376) (7,635)
Change in accrued expenses related to capital expenditures 172 553 80
Other, net (184) (291) (199)
Net cash flows from investing activities (11,127) (9,114) (7,754)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings of long-term debt 22,062 25,643 20,976
Repayments of long-term debt (21,938) (19,311) (12,146)
Payments for debt issuance costs (32) (71) (102)
Purchase of treasury stock (3,215) (10,277) (15,431)
Proceeds from exercise of stock options 22 5 44
Purchase of noncontrolling interest (427) (1,602) (2,234)
Distributions to noncontrolling interest (158) (111) (75)
Other, net 444 (43) 83
Net cash flows from financing activities (3,242) (5,767) (8,885)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 64 44 (400)
CASH AND CASH EQUIVALENTS, beginning of period 645 601 1,001
CASH AND CASH EQUIVALENTS, end of period 709 645 601
CASH PAID FOR INTEREST 5,020 4,509 4,043
CASH PAID FOR TAXES $ 1,470 $ 1,321 $ 157