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Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Provided by (Used for) Operating Activities:    
Net Income $ 671 $ 566
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 66 68
Amortization and impairment of intangible assets 34 36
Change in deferred income taxes 21 17
Provision for uncollectible accounts 0 2
(Income) loss from investments (1) (3)
(Gain) loss on sale of operations and affiliates 0 (1)
Stock-based compensation expense 11 9
Other non-cash items, net 3 2
(Increase) decrease in-    
Trade receivables (192) 10
Inventories (122) (48)
Prepaid expenses and other assets (21) (10)
Increase (decrease) in-    
Accounts payable 65 17
Accrued expenses and other liabilities (13) (93)
Income taxes 88 46
Other, net (1) (4)
Net cash provided by operating activities 609 614
Cash Provided by (Used for) Investing Activities:    
Additions to plant and equipment (68) (60)
Proceeds from investments 1 7
Proceeds from sale of plant and equipment 2 3
Other, net 0 (3)
Net cash provided by (used for) investing activities (65) (53)
Cash Provided by (Used for) Financing Activities:    
Cash dividends paid (361) (342)
Issuance of common stock 26 17
Repurchases of common stock (250) (706)
Other, net (9) (16)
Net cash provided by (used for) financing activities (594) (1,047)
Effect of Exchange Rate Changes on Cash and Equivalents (30) (65)
Cash and Equivalents:    
Increase (decrease) during the period (80) (551)
Beginning of period 2,564 1,981
End of period 2,484 1,430
Supplementary Cash Flow Information:    
Cash Paid During the Period for Interest 56 56
Cash Paid During the Period for Income Taxes, Net of Refunds $ 86 $ 106