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Condensed Consolidated Statements of Cash Flows
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Cash Provided by (Used in) Operating Activities      
Net earnings (losses) $ 224 $ 3,074 $ 851
Adjustments to reconcile net earnings (losses) to operating cash flows:      
Depreciation and amortization   163 190
Deferred income tax provision (benefit)   (550) (1,180)
(Income) losses from investments in equity securities 2,478 3,707 5,789
Dividends from ABI   104 119
(Gain) loss on Cronos-related financial instruments 0 14 128
Loss on early extinguishment of debt 0 0 649
Cash effects of changes:      
Receivables   (5) (7)
Inventories   88 118
Accounts payable   (27) 3
Income taxes   49 (200)
Accrued liabilities and other current assets   (382) (104)
Accrued settlement charges   (618) (568)
Pension plan contributions   (11) (23)
Pension and postretirement (income) cost, net   (110) (127)
Other, net   141 104
Net cash provided by (used in) operating activities   5,637 5,742
Cash Provided by (Used in) Investing Activities      
Capital expenditures   (147) (102)
Other, net   (68) 60
Net cash provided by (used in) investing activities   (215) (42)
Cash Provided by (Used in) Financing Activities      
Long-term debt issued   0 5,472
Long-term debt repaid   (1,105) (6,542)
Repurchases of common stock   (1,451) (972)
Dividends paid on common stock   (4,908) (4,787)
Premiums and fees related to early extinguishment of debt   0 (623)
Other, net   (12) (216)
Net cash provided by (used in) financing activities   (7,476) (7,668)
Cash, cash equivalents and restricted cash:      
Increase (decrease)   (2,054) (1,968)
Balance at beginning of period   4,594 5,006
Balance at end of period 2,540 2,540 3,038
Cash and cash equivalents 2,483 2,483  
Restricted cash included in other current assets 15 15  
Restricted cash included in other assets 42 42  
Cash, cash equivalents and restricted cash $ 2,540 $ 2,540 $ 3,038