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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Consolidated net earnings $ 1,046 $ 122
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:    
Depreciation, depletion and amortization 130 124
Stock-based compensation expense 15 14
Gain on divestitures and sales of assets (1,333) (1)
Deferred income taxes, net (95) 6
Noncash asset and portfolio rationalization charge 49 0
Other items, net (2) (2)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net 55 (14)
Inventories, net (85) (82)
Accounts payable 15 18
Other assets and liabilities, net 377 (24)
Net Cash Provided by Operating Activities 172 161
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (200) (174)
Acquisitions, net of cash acquired (488) 0
Proceeds from divestitures and sales of assets 2,107 22
Investments in life insurance contracts, net 6 4
Other investing activities, net 0 (4)
Net Cash Provided by (Used for) Investing Activities 1,425 (152)
Cash Flows from Financing Activities:    
Payments on finance lease obligations (5) (4)
Dividends paid (46) (42)
Repurchases of common stock (150) (75)
Distributions to owners of noncontrolling interest (1) 0
Shares withheld for employees' income tax obligations (27) (17)
Net Cash Used for Financing Activities (229) (138)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1,368 (129)
Cash, Cash Equivalents and Restricted Cash, beginning of period 1,282 359
Cash, Cash Equivalents and Restricted Cash, end of period $ 2,650 $ 230