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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Cash Flows [Abstract]      
Net income $ 660 $ 4,640 $ 6,405
Depreciation and amortization 2,611 2,758 2,842
Provision (Credit) for deferred income tax (1,222) 79 278
Earnings of nonconsolidated affiliates less than (in excess of) dividends received 387 696 (651)
Net periodic pension benefit cost 548 23 39
Pension contributions (142) (235) (1,219)
Net gain on sales of assets, businesses and investments (70) (19) (105)
Restructuring, goodwill impairment and asset related charges - net 528 118 6
Other net loss 796 212 921
Accounts and notes receivable 1,161 1,187 (2,132)
Inventories 844 347 (1,768)
Accounts payable (734) (1,255) 2,458
Other assets and liabilities, net (203) (1,065) (5)
Cash provided by operating activities - continuing operations 5,164 7,486 7,069
Cash provided by (used for) operating activities - discontinued operations 32 (11) (60)
Cash provided by (used for) operating activities 5,196 7,475 7,009
Capital expenditures (2,356) (1,823) (1,501)
Investment in gas field developments (215) (190) (92)
Purchases of previously leased assets (7) (7) (694)
Proceeds from sales of property and businesses, net of cash divested 95 32 68
Acquisitions of property and businesses, net of cash acquired (114) (228) (129)
Investments in and loans to nonconsolidated affiliates (5) (148) 0
Distributions and loan repayments from nonconsolidated affiliates 2 52 51
Proceeds from Sale of Equity Method Investments 63 11 0
Purchases of investments (2,288) (1,366) (1,366)
Proceeds from sales and maturities of investments 1,958 747 759
Other investing activities, net (61) (50) (10)
Cash provided by (used for) investing activities (2,928) (2,970) (2,914)
Changes in short-term notes payable (249) 253 (48)
Proceeds from Short-term Debt, Maturing in More than Three Months 0 0 144
Repayments of Short-term Debt, Maturing in More than Three Months 0 (14) (130)
Proceeds from issuance of long-term debt 104 1,667 109
Payments on long-term debt (446) (1,006) (2,771)
Proceeds from Accounts Receivable Securitization 18 0 0
Purchases of treasury stock (625) (2,325) (1,000)
Proceeds from issuance of parent company stock 188 212 320
Transaction financing, debt issuance and other costs (2) (24) (537)
Employee taxes paid for share-based payment arrangements (42) (35) (12)
Distributions to noncontrolling interests (89) (83) (73)
Dividends paid to stockholders (1,972) (2,006) (2,073)
Cash used for financing activities (3,115) (3,361) (6,071)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (45) (237) (99)
Increase (decrease) in cash, cash equivalents and restricted cash (892) 907 (2,075)
Cash, cash equivalents and restricted cash at beginning of year 3,940 3,033 5,108
Cash, cash equivalents and restricted cash at end of year 3,048 3,940 3,033
Less: Restricted cash and cash equivalents, included in Other current assets 61 54 45
Cash and cash equivalents at end of year $ 2,987 $ 3,886 $ 2,988