CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income		$ 2,243	$ 1,990
Adjustments to reconcile net income to net cash provided by operating activities:
Charges and credits		167	(36)
Depreciation and amortization	[1]	1,231	1,124
Deferred taxes		(29)	118
Stock-based compensation expense		173	160
Earnings of equity method investments, less dividends received		12	(79)
Change in assets and liabilities:
Increase in receivables	[2]	(755)	(614)
Increase in inventories	[2]	(149)	(368)
Decrease in other current assets	[2]	107	157
Increase in other assets	[2]	(5)	(18)
Decrease in accounts payable and accrued liabilities	[2]	(1,080)	(270)
Decrease in estimated liability for taxes on income	[2]	(167)	(191)
Increase (decrease) in other liabilities	[2]	19	(63)
Other	[2]	(4)	28
NET CASH PROVIDED BY OPERATING ACTIVITIES		1,763	1,938
Cash flows from investing activities:
Capital expenditures		(862)	(881)
APS investments		(256)	(253)
Exploration data costs capitalized		(91)	(83)
Business acquisitions and investments, net of cash acquired		(505)	(262)
Proceeds from sale of Liberty shares			137
Sale (purchase) of short-term investments, net		47	(24)
Other		23	(164)
NET CASH USED IN INVESTING ACTIVITIES		(1,644)	(1,530)
Cash flows from financing activities:
Dividends paid		(751)	(605)
Proceeds from employee stock purchase plan		100	86
Proceeds from exercise of stock options		20	38
Taxes paid on net settled stock-based compensation awards		(78)	(144)
Stock repurchase program		(735)	(443)
Proceeds from issuance of long-term debt		1,849	992
Repayment of long-term debt		(426)
Net decrease in short-term borrowings		(19)	(48)
Other		(6)	3
NET CASH USED IN FINANCING ACTIVITIES		(46)	(121)
Net increase in cash before translation effect		73	287
Translation effect on cash		(20)	(12)
Cash, beginning of period		2,900	1,655
Cash, end of period		$ 2,953	$ 1,930

[1] Includes depreciation of fixed assets and amortization of intangible assets, exploration data costs, and Asset Performance Solutions ("APS") investments.

[2] Net of the effect of business acquisitions.