XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 581 $ 599
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 342 330
Amortization of purchased intangibles 31 32
Gain on sale of business (53) (14)
Loss on investment 36
Share-based compensation expense 42 34
Translation gain on Japanese yen-denominated debt (84) (118)
Deferred tax provision 24 121
Translated earnings contract gain (129) (272)
Unrealized translation losses on transactions 20 59
Changes in assets and liabilities:    
Trade accounts receivable 7 109
Inventories (159) 44
Other current assets (81) (26)
Accounts payable 238 (49)
Other current liabilities (161) 22
Customer deposits and government incentives (9) 31
Deferred income (25) (34)
Other, net (50) (181)
Net cash provided by operating activities 534 723
Cash Flows from Investing Activities:    
Capital expenditures (383) (289)
Proceeds from sale of business 74 24
Realized gains (losses) on translated earnings contract 40 (3)
Other, net (9) (20)
Net cash used in investing activities (278) (288)
Cash Flows from Financing Activities:    
Repayments of short-term borrowings (11) (25)
Proceeds from exercise of stock options 18 51
Purchases of common stock for treasury (149)
Dividends paid (228) (208)
Other, net (5) (8)
Net cash used in financing activities (375) (190)
Effect of exchange rates on cash (13) (49)
Net (decrease) increase in cash and cash equivalents (132) 196
Cash and cash equivalents at beginning of period 2,148 2,672
Cash and cash equivalents at end of period $ 2,016 $ 2,868