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Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Provided by (Used for) Operating Activities:    
Net Income $ 2,240 $ 2,127
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 208 209
Amortization and impairment of intangible assets 88 102
Change in deferred income taxes 5 (72)
Provision for uncollectible accounts 7 4
(Income) loss from investments 0 (8)
(Gain) loss on sale of plant and equipment 0 (1)
(Gain) loss on sale of operations and affiliates (1) (1)
Stock-based compensation expense 52 48
Other non-cash items, net (5) 1
(Increase) decrease in-    
Trade receivables (39) (417)
Inventories 235 (477)
Prepaid expenses and other assets (23) 27
Increase (decrease) in-    
Accounts payable (3) 84
Accrued expenses and other liabilities (123) 14
Income taxes (140) (102)
Other, net (1) (1)
Net cash provided by operating activities 2,500 1,537
Cash Provided by (Used for) Investing Activities:    
Acquisition of businesses (excluding cash and equivalents) 0 (2)
Additions to plant and equipment (324) (256)
Proceeds from investments 25 12
Proceeds from sale of plant and equipment 11 8
Proceeds from sales of operations and affiliates 7 3
Other, net (2) (2)
Net cash provided by (used for) investing activities (283) (237)
Cash Provided by (Used for) Financing Activities:    
Cash dividends paid (1,194) (1,139)
Issuance of common stock 49 17
Repurchases of common stock (1,125) (1,250)
Net proceeds from (repayments of) debt with original maturities of three months or less (367) 1,078
Proceeds from debt with original maturities of more than three months 1,425 454
Repayments of debt with original maturities of more than three months (678) (1,110)
Other, net (15) (15)
Net cash provided by (used for) financing activities (1,905) (1,965)
Effect of Exchange Rate Changes on Cash and Equivalents (30) (88)
Cash and Equivalents:    
Increase (decrease) during the period 282 (753)
Beginning of period 708 1,527
End of period 990 774
Supplementary Cash Flow Information:    
Cash Paid During the Period for Interest 216 170
Cash Paid During the Period for Income Taxes, Net of Refunds $ 791 $ 768