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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Provided by (Used in) Operating Activities    
Net earnings $ 1,959 $ 1,421
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 52 63
Deferred income tax provision (benefit) 43 65
(Income) losses from equity investments (34) (51)
(Gain) loss on Cronos-related financial instruments 10 (110)
Loss on early extinguishment of debt 0 649
Cash effects of changes:    
Receivables 1 (5)
Inventories (20) 18
Accounts payable (59) (98)
Income taxes 637 396
Accrued liabilities and other current assets (372) (307)
Accrued settlement charges 880 975
Pension plan contributions (3) (3)
Pension provisions and postretirement, net (35) (32)
Other, net 16 59
Net cash provided by (used in) operating activities 3,075 3,040
Cash Provided by (Used in) Investing Activities    
Capital expenditures (45) (26)
Other, net 11 (3)
Net cash provided by (used in) investing activities (34) (29)
Cash Provided by (Used in) Financing Activities    
Long-term debt issued 0 5,472
Long-term debt repaid 0 (5,042)
Repurchases of common stock (576) (325)
Dividends paid on common stock (1,645) (1,601)
Premiums and fees related to early extinguishment of debt 0 (623)
Other, net (11) (53)
Net cash provided by (used in) financing activities (2,232) (2,172)
Cash, cash equivalents and restricted cash:    
Increase (decrease) 809 839
Balance at beginning of period 4,594 5,006
Balance at end of period 5,403 5,845
Cash and cash equivalents 5,353  
Restricted cash included in other assets [1] 50  
Cash, cash equivalents and restricted cash $ 5,403 $ 5,845
[1] Restricted cash consisted of cash deposits collateralizing appeal bonds posted by PM USA to obtain stays of judgments pending appeals. See Note 10. Contingencies.