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Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Provided by (Used for) Operating Activities:      
Net income $ 3,034 $ 2,694 $ 2,109
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 276 277 273
Amortization and impairment of intangible assets 134 133 154
Change in deferred income taxes (150) (148) (30)
Provision for uncollectible accounts 5 3 7
(Income) loss from investments (9) (29) (8)
(Gain) loss on sale of plant and equipment (1) 0 2
(Gain) loss on sale of operations and affiliates (191) 0 0
Stock-based compensation expense 63 53 42
Other non-cash items, net 5 13 8
(Increase) decrease in—      
Trade receivables (461) (240) 95
Inventories (455) (450) 43
Prepaid expenses and other assets (19) (36) 41
Increase (decrease) in—      
Accounts payable 35 37 19
Accrued expenses and other liabilities 119 202 17
Income taxes (35) 49 34
Other, net (2) (1) 1
Net cash provided by operating activities 2,348 2,557 2,807
Cash Provided by (Used for) Investing Activities:      
Acquisition of businesses (excluding cash and equivalents) (2) (731) 0
Additions to plant and equipment (412) (296) (236)
Proceeds from investments 12 38 14
Proceeds from sale of plant and equipment 15 8 10
Proceeds from sale of operations and affiliates 278 0 1
Other, net (1) (3) (3)
Net cash provided by (used for) investing activities (110) (984) (214)
Cash Provided by (Used for) Financing Activities:      
Cash dividends paid (1,542) (1,463) (1,379)
Issuance of common stock 29 50 66
Repurchases of common stock (1,750) (1,000) (706)
Net proceeds from (repayments of) debt with original maturities of three months or less 796 120 0
Proceeds from debt with original maturities of more than three months 593 90 0
Repayments of debt with original maturities of more than three months (1,113) (351) (4)
Other, net (13) (10) (26)
Net cash provided by (used for) financing activities (3,000) (2,564) (2,049)
Effect of Exchange Rate Changes on Cash and Equivalents (57) (46) 39
Cash and Equivalents:      
Increase (decrease) during the year (819) (1,037) 583
Beginning of year 1,527 2,564 1,981
End of year 708 1,527 2,564
Supplementary Cash Flow Information:      
Cash Paid During the Year for Interest 199 197 194
Cash Paid During the Year for Income Taxes, Net of Refunds $ 993 $ 731 $ 591