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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 987 $ 998
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for credit losses 12 9
Deferred income taxes and tax uncertainties 15 17
Depreciation and amortization 116 102
Non-cash lease expense 41 38
Stock-based compensation 34 31
Change in operating assets and liabilities:    
Accounts receivable (205) (303)
Inventories 71 28
Prepaid expenses and other assets (42) 93
Trade accounts payable 184 147
Operating lease liabilities (47) (42)
Accrued liabilities (18) (169)
Income taxes – net (62) (28)
Other non-current liabilities (14) (17)
Net cash provided by operating activities 1,072 904
Cash flows from investing activities:    
Capital expenditures (195) (193)
Proceeds from sale of assets 1 2
Other – net 17 0
Net cash used in investing activities (177) (191)
Cash flows from financing activities:    
Proceeds from debt 3 6
Payments of debt (17) (18)
Proceeds from stock options exercised 10 28
Payments for employee taxes withheld from stock awards (40) (29)
Purchases of treasury stock (512) (313)
Cash dividends paid (206) (194)
Other – net (1) (1)
Net cash used in financing activities (763) (521)
Exchange rate effect on cash and cash equivalents (23) (2)
Net change in cash and cash equivalents 109 190
Cash and cash equivalents at beginning of year 660 325
Cash and cash equivalents at end of period $ 769 $ 515