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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 1,187 $ 1,055
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 687 666
Amortization of purchased intangibles 61 65
Gain on sale of business (53) (54)
Share-based compensation expense 93 78
Translation gain on Japanese yen-denominated debt (237) (123)
Deferred tax provision 72 56
Translated earnings contract gain (325) (275)
Unrealized translation losses on transactions 77 51
Changes in assets and liabilities:    
Trade accounts receivable 55 (49)
Inventories (436) 18
Other current assets (77) (153)
Accounts payable and other current liabilities 209 171
Customer deposits and government incentives 4 56
Deferred income (24) (60)
Other, net (1) (8)
Net cash provided by operating activities 1,292 1,494
Cash Flows from Investing Activities:    
Capital expenditures (736) (613)
Proceeds from sale or disposal of assets 17
Proceeds from sale of business 74 102
Investment in and proceeds from unconsolidated entities, net (6) 85
Realized gains on translated earnings contract 132 13
Other, net (31) (19)
Net cash used in investing activities (567) (415)
Cash Flows from Financing Activities:    
Repayments of short-term borrowings (11) (460)
Proceeds from issuance of long-term debt 28
Payment for redemption of preferred stock (507) (507)
Payments of employee withholding tax on stock awards (42) (55)
Proceeds from exercise of stock options 28 82
Purchases of common stock for treasury (201) (1)
Dividends paid (462) (442)
Other, net (11) (6)
Net cash used in financing activities (1,178) (1,389)
Effect of exchange rates on cash (66) (42)
Net decrease in cash and cash equivalents (519) (352)
Cash and cash equivalents at beginning of period 2,148 2,672
Cash and cash equivalents at end of period $ 1,629 $ 2,320