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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net income (loss) $ 747 $ 1,158 $ 1,769
Income (loss) from discontinued operations after income taxes 194 58 53
Depreciation and Amortization 1,211 1,223 1,243
Provision for (Benefit from) Deferred Income Tax (438) (288) 199
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 138 (142) (1,292)
Pension and OPEB contributions 149 182 247
Net gain on sales of property, businesses, consolidated companies, and investments (22) (18) (21)
Restructuring and asset related charges- net 336 363 289
Other net loss 578 305 154
Accounts and Notes Receivable 358 (993) (113)
Inventories 57 (1,715) (422)
Accounts Payable (663) 807 526
Deferred Revenue (11) 194 574
Other Assets and Liabilities, Net (527) 142 57
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 1,809 912 2,769
Cash Provided by (Used in) Operating Activities, Discontinued Operations (40) (40) (42)
Cash provided by (used for) operating activities 1,769 872 2,727
Capital expenditures (595) (605) (573)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 57 73 75
Escrow funding associated with acquisitions 0 (36) 0
Acquisitions of businesses - Net of Cash Acquired (1,456) 0 0
Investments in and loans to nonconsolidated affiliates (32) (12) (4)
Purchases of investments (148) (344) (204)
Proceeds from Sale and Maturities of Investments 147 295 345
Proceeds from Hedge, Investing Activities 42 0 0
Other investing activities - net (2) (3) (1)
Cash provided by (used for) investing activities (1,987) (632) (362)
Net Change in borrowings (less than 90 days) (6) (13) 13
Proceeds from Debt 3,429 1,358 419
Payments on Debt (2,309) (1,140) (421)
Repurchase of Common Stock (756) (1,000) (950)
Proceeds from Exercise of Stock Options 31 88 100
Dividends Paid to stockholders (439) (418) (397)
Other financing activities (49) (55) (30)
Cash provided by (used for) financing activities (99) (1,180) (1,266)
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents (143) (278) (136)
Increase (decrease) on cash, cash equivalents and restricted cash (460) (1,218) 963
Cash, cash equivalents and restricted cash equivalents at beginning of period 3,618 [1] 4,836 [1] 3,873
Cash, cash equivalents and restricted cash equivalents at end of period [1] 3,158 3,618 4,836
Supplemental Cash Flow Information [Abstract]      
Interest, net of amounts capitalized 234 75 30
Income Taxes 535 467 341
EIDP      
Net income (loss) 732 1,124 1,731
Income (loss) from discontinued operations after income taxes 194 58 53
Depreciation and Amortization 1,211 1,223 1,243
Provision for (Benefit from) Deferred Income Tax (438) (288) 199
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 138 (142) (1,292)
Pension and OPEB contributions 149 182 247
Net gain on sales of property, businesses, consolidated companies, and investments (22) (18) (21)
Restructuring and asset related charges- net 336 363 289
Other net loss 578 305 154
Accounts and Notes Receivable 358 (993) (113)
Inventories 57 (1,715) (422)
Accounts Payable (663) 807 526
Deferred Revenue (11) 194 574
Other Assets and Liabilities, Net (913) 143 57
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 1,408 879 2,731
Cash Provided by (Used in) Operating Activities, Discontinued Operations (40) (40) (42)
Cash provided by (used for) operating activities 1,368 839 2,689
Capital expenditures (595) (605) (573)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 57 73 75
Escrow funding associated with acquisitions 0 (36) 0
Investments in and loans to nonconsolidated affiliates (32) (12) (4)
Purchases of investments (148) (344) (204)
Proceeds from Sale and Maturities of Investments 147 295 345
Other investing activities - net (2) (3) (1)
Cash provided by (used for) investing activities (1,987) (632) (362)
Net Change in borrowings (less than 90 days) (6) (13) 13
Proceeds from Related Party Debt 29 48 52
Repayments of Related Party Debt (818) (1,422) (1,349)
Proceeds from Debt 3,429 1,358 419
Payments on Debt (2,309) (1,140) (421)
Proceeds from Exercise of Stock Options 31 88 100
Other financing activities (54) (66) (42)
Cash provided by (used for) financing activities 302 (1,147) (1,228)
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents (143) (278) (136)
Increase (decrease) on cash, cash equivalents and restricted cash (460) (1,218) 963
Cash, cash equivalents and restricted cash equivalents at beginning of period 3,618 4,836 3,873
Cash, cash equivalents and restricted cash equivalents at end of period 3,158 3,618 4,836
Supplemental Cash Flow Information [Abstract]      
Interest, net of amounts capitalized [2] 234 75 30
Income Taxes $ 535 $ 467 $ 341
[1] See page F-26 for reconciliation of cash and cash equivalents and restricted cash equivalents presented in the Consolidated Balance Sheets to total cash, cash equivalents and restricted cash equivalents presented in the Consolidated Statements of Cash Flows.
[2] Reflects interest, net of amounts capitalized, paid to external parties. For information associated with interest paid on related party debt refer to EIDP's Note 2 - Related Party Transactions, of the EIDP Consolidated Financial Statements.