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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Provided by (Used in) Operating Activities        
Net earnings (losses) $ 2,475 $ 4,454 $ (1,298)  
Adjustments to reconcile net earnings (losses) to operating cash flows:        
Depreciation and amortization 244 257 226  
Deferred income tax benefit (1,160) (164) (95) $ (95)
(Income) losses from equity investments 5,979 111 (1,725)  
Dividends from ABI 119 108 396  
Loss on Cronos-related financial instruments 148 140 1,442  
Impairment of JUUL equity securities 0 2,600 8,600  
Loss on early extinguishment of debt 649 0 0  
Cash effects of changes:        
Receivables [1] (18) 20 (8)  
Inventories [1] 57 2 42  
Accounts payable [1] 163 53 (79)  
Income taxes [1] (149) (29) 89  
Accrued liabilities and other current assets [1] (165) 15 (11)  
Accrued settlement charges [1] (215) 218 (108)  
Pension plan contributions (26) (33) (56)  
Pension provisions and postretirement, net (175) (49) (52)  
Other, net [2] 149 712 452  
Net cash provided by (used in) operating activities 8,405 8,385 7,837  
Cash Provided by (Used in) Investing Activities        
Capital expenditures (169) (231) (246)  
Acquisitions of businesses and assets 0 0 (421)  
Investment in Cronos 0 0 (1,899)  
Proceeds from divestiture of businesses, net of cash divested 1,176 0 0  
Other, net 205 88 168  
Net cash (used in) provided by investing activities 1,212 (143) (2,398)  
Cash Provided by (Used in) Financing Activities        
Proceeds from short-term borrowings 0 3,000 0  
Repayment of short-term borrowings 0 (3,000) (12,800)  
Long-term debt issued 5,472 1,993 16,265  
Long-term debt repaid (6,542) (1,000) (1,144)  
Repurchases of common stock (1,675) 0 (845)  
Dividends paid on common stock (6,446) (6,290) (6,069)  
Premiums and fees related to early extinguishment of debt (623) 0 0  
Other, net (215) (99) (119)  
Net cash provided by (used in) financing activities (10,029) (5,396) (4,712)  
Cash, cash equivalents and restricted cash:        
Increase (decrease) (412) 2,846 727  
Balance at beginning of year 5,006 2,160 1,433  
Balance at end of year 4,594 5,006 2,160 1,433
Cash paid: Interest 1,189 1,246 991  
Cash Paid: Income taxes 2,673 2,616 1,977  
Cash and cash equivalents 4,544 4,945 2,117  
Restricted cash included in other current assets [3] 0 1 0  
Restricted cash included in other assets [3] 50 60 43  
Cash, cash equivalents and restricted cash $ 4,594 $ 5,006 $ 2,160 $ 1,433
[1] 2021 amounts reflect changes from operations for Ste. Michelle prior to the Ste. Michelle Transaction.
[2] 2020 primarily reflects inventory-related amounts associated with the wine business strategic reset. For further discussion, see Note 5. Asset Impairment, Exit and Implementation Costs.
[3] Restricted cash consisted of cash deposits collateralizing appeal bonds posted by PM USA to obtain stays of judgments pending appeals. See Note 18. Contingencies.