XML 31 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities – continuing operations:      
Net earnings $ 3,390 $ 3,257 $ 3,167
Adjustments to reconcile net earnings to net cash from operating activities:      
Depreciation of property, plant and equipment 586 568 523
Amortization of intangible and finance lease right-of-use assets 298 322 355
Equity-based compensation expense 165 126 128
Deferred income tax benefit (178) (66) (127)
(Increase) decrease in assets, net of effects of business acquisitions:      
Accounts receivable 46 138 371
Unbilled receivables (256) (410) (116)
Inventories (980) 405 502
Increase (decrease) in liabilities, net of effects of business acquisitions:      
Accounts payable 224 194 (215)
Customer advances and deposits 2,082 354 (707)
Income taxes payable (436) (45) (39)
Other, net (362) (572) 16
Net cash provided by operating activities 4,579 4,271 3,858
Cash flows from investing activities:      
Capital expenditures (1,114) (887) (967)
Other, net (375) 5 (7)
Net cash used by investing activities (1,489) (882) (974)
Cash flows from financing activities:      
Dividends paid (1,369) (1,315) (1,240)
Purchases of common stock (1,229) (1,828) (587)
Proceeds from commercial paper, gross (maturities greater than 3 months) 0 1,997 420
Repayment of commercial paper, gross (maturities greater than 3 months) 0 (1,997) (420)
Proceeds from fixed-rate notes 0 1,497 3,960
Proceeds from (repayment of) credit facility, net 0 6 (441)
Other, net 127 50 (95)
Net cash used by financing activities (3,471) (4,590) (903)
Net cash provided (used) by discontinued operations 20 (20) (59)
Net (decrease) increase in cash and equivalents (361) (1,221) 1,922
Cash and equivalents at beginning of year 1,603 2,824 902
Cash and equivalents at end of year 1,242 1,603 2,824
Fixed-rate notes      
Cash flows from financing activities:      
Repayments of notes (1,000) (2,500) (2,000)
Floating-rate notes      
Cash flows from financing activities:      
Repayments of notes $ 0 $ (500) $ (500)