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Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Provided by (Used for) Operating Activities:    
Net Income $ 1,446 $ 885
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 136 133
Amortization and impairment of intangible assets 66 71
Change in deferred income taxes (87) 22
Provision for uncollectible accounts 1 4
(Income) loss from investments (24) (5)
(Gain) loss on sale of operations and affiliates 0 (1)
Stock-based compensation expense 27 17
Other non-cash items, net 7 4
(Increase) decrease in-    
Trade receivables (300) 302
Inventories (222) (14)
Prepaid expenses and other assets (20) 23
Increase (decrease) in-    
Accounts payable 80 (76)
Accrued expenses and other liabilities 41 (96)
Income taxes 13 80
Other, net 0 2
Net cash provided by operating activities 1,164 1,351
Cash Provided by (Used for) Investing Activities:    
Additions to plant and equipment (146) (116)
Proceeds from investments 30 10
Proceeds from sale of plant and equipment 3 5
Other, net (1) (2)
Net cash provided by (used for) investing activities (114) (103)
Cash Provided by (Used for) Financing Activities:    
Cash dividends paid (721) (680)
Issuance of common stock 42 28
Repurchases of common stock (500) (706)
Repayments of debt with original maturities of more than three months (350) 0
Other, net (10) (17)
Net cash provided by (used for) financing activities (1,539) (1,375)
Effect of Exchange Rate Changes on Cash and Equivalents (17) (42)
Cash and Equivalents:    
Increase (decrease) during the period (506) (169)
Beginning of period 2,564 1,981
End of period 2,058 1,812
Supplementary Cash Flow Information:    
Cash Paid During the Period for Interest 128 119
Cash Paid During the Period for Income Taxes, Net of Refunds $ 355 $ 153