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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]      
Net income $ 4,640 $ 6,405 $ 1,294
Depreciation and amortization 2,758 2,842 2,874
Provision (Credit) for deferred income tax 79 278 258
Earnings of nonconsolidated affiliates less than (in excess of) dividends received 696 (651) 443
Net periodic pension benefit cost 23 39 266
Pension contributions (235) (1,219) (299)
Net gain on sales of assets, businesses and investments (19) (105) (802)
Restructuring, goodwill impairment and asset related charges - net 118 6 708
Other net loss 212 921 318
Accounts and notes receivable 1,187 (2,132) 171
Inventories 347 (1,768) 515
Accounts payable (1,255) 2,458 (84)
Other assets and liabilities, net (1,065) (5) 590
Cash provided by operating activities - continuing operations 7,486 7,069 6,252
Cash used for operating activities - discontinued operations (11) (60) (26)
Cash provided by (used for) operating activities 7,475 7,009 6,226
Capital expenditures (1,823) (1,501) (1,252)
Investment in gas field developments (190) (92) (5)
Purchases of previously leased assets (7) (694) (5)
Proceeds from sales of property and businesses, net of cash divested 32 68 929
Acquisitions of property and businesses, net of cash acquired (228) (129) (130)
Investments in and loans to nonconsolidated affiliates (148) 0 (333)
Distributions and loan repayments from nonconsolidated affiliates 52 51 7
Proceeds from Sale of Equity Method Investments 11 0 0
Purchases of investments (1,366) (1,366) (1,203)
Proceeds from sales and maturities of investments 747 759 1,122
Other investing activities, net (50) (10) 29
Cash provided by (used for) investing activities (2,970) (2,914) (841)
Changes in short-term notes payable 253 (48) (431)
Proceeds from Short-term Debt, Maturing in More than Three Months 0 144 163
Repayments of Short-term Debt, Maturing in More than Three Months (14) (130) (163)
Proceeds from issuance of long-term debt 1,667 109 4,672
Payments on long-term debt (1,006) (2,771) (4,653)
Purchases of treasury stock (2,325) (1,000) (125)
Proceeds from issuance of parent company stock 212 320 108
Transaction financing, debt issuance and other costs (24) (537) (175)
Employee taxes paid for share-based payment arrangements (35) (12) (27)
Distributions to noncontrolling interests (83) (73) (62)
Dividends paid to stockholders (2,006) (2,073) (2,071)
Cash used for financing activities (3,361) (6,071) (2,764)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (237) (99) 107
Increase (decrease) in cash, cash equivalents and restricted cash 907 (2,075) 2,728
Cash, cash equivalents and restricted cash at beginning of year 3,033 5,108 2,380
Cash, cash equivalents and restricted cash at end of year 3,940 3,033 5,108
Less: Restricted cash and cash equivalents, included in Other current assets 54 45 4
Cash and cash equivalents at end of year $ 3,886 $ 2,988 $ 5,104