v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income (loss) $ 1,677 $ 1,304
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Impairment charges 56 86
Foreign exchange (gain) loss on net debt (151) (96)
Bad debt expense 8 23
Depreciation, depletion and amortization 317 305
Share-based compensation expense 51 47
Deferred income tax expense (benefit) 115 (92)
Results from affiliates (100) (95)
Other, net 57 80
Changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions:    
Trade accounts receivable 306 (359)
Inventories 933 (229)
Secured advances to suppliers (228) 26
Trade accounts payable and accrued liabilities (690) 259
Advances on sales (227) (81)
Net unrealized (gains) losses on derivative contracts (247) (456)
Margin deposits (111) (55)
Recoverable and income taxes, net (19) (201)
Marketable securities (17) 341
Beneficial interest in securitized trade receivables 0 (5,288)
Other, net 130 (550)
Cash provided by (used for) operating activities 1,860 (5,031)
INVESTING ACTIVITIES    
Payments made for capital expenditures (805) (353)
Proceeds from investments 21 217
Payments for investments (26) (225)
Settlements of net investment hedges (57) (153)
Proceeds from beneficial interest in securitized trade receivables 85 5,176
Proceeds from disposals of businesses and property, plant and equipment 165 496
Payments for investments in affiliates (136) (55)
Other, net 107 10
Cash provided by (used for) investing activities (646) 5,113
FINANCING ACTIVITIES    
Net change in short-term debt with maturities of three months or less 161 842
Proceeds from short-term debt with maturities greater than three months 848 1,592
Repayments of short-term debt with maturities greater than three months (593) (1,600)
Proceeds from long-term debt 975 48
Repayments of long-term debt (879) (1,029)
Proceeds from the exercise of options for common shares 7 30
Repurchases of common shares (466) (200)
Dividends paid to common and preference shareholders (287) (256)
Capital contributions from (Return of capital to) noncontrolling interest 40 0
Sale of noncontrolling interest 0 521
Acquisition of redeemable noncontrolling interest and noncontrolling interest 0 (102)
Other, net (19) 52
Cash provided by (used for) financing activities (213) (102)
Effect of exchange rate changes on cash and cash equivalents, restricted cash, and cash held for sale 40 112
Net increase (decrease) in cash and cash equivalents, restricted cash, and cash held for sale 1,041 92
Cash and cash equivalents, restricted cash, and cash held for sale - beginning of period 1,152 905
Cash and cash equivalents, restricted cash, and cash held for sale - end of period $ 2,193 $ 997