XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 2,049 $ 1,409
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 785 600
Stock-based compensation expense 26 23
Loss from disposition and write-off of property, plant and equipment 36 14
Deferred income taxes 44 50
Other losses, net 24 21
Changes in operating assets and liabilities, net of effect of business acquisitions    
Accounts receivable (100) (414)
Inventories (338) (180)
Prepaid expenses and other current assets (18) (49)
Accounts payable 2 184
Accrued and other liabilities 206 78
Other, net (156) (99)
Net cash provided by operating activities 2,560 1,637
Cash flows from investing activities    
Acquisition of business, net of cash acquired (1,171) (428)
Additions to investments in unconsolidated subsidiaries (177) (19)
Additions to property, plant and equipment (811) (414)
Other, net 11 19
Net cash used for investing activities (2,148) (842)
Cash flows from financing activities    
Debt issuance costs 0 (18)
Distributions to noncontrolling interests (34) (32)
Dividends paid (123) (107)
Proceeds from debt issuance 0 1,668
Repayment of senior notes (250) 0
Repurchase of common stock for treasury (68) (30)
Other, net (5) 6
Net cash provided by (used for) financing activities (480) 1,487
Effect of exchange rate changes on cash, cash equivalents and restricted cash (67) (9)
Net increase (decrease) in cash, cash equivalents and restricted cash (135) 2,273
Cash, cash equivalents and restricted cash at beginning of period 1,941 1,337
Cash, cash equivalents and restricted cash at end of period $ 1,806 $ 3,610