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Consolidated Cash Flow Statement - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 976 $ 1,004
Depreciation and amortization 380 378
Asset impairments 0 3
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (85) 0
Stock-based compensation 68 42
Deferred income taxes (35) (74)
Net (gains) losses on asset dispositions 13 15
Equity companies' earnings (in excess of) less than dividends paid (21) (32)
Operating working capital (348) (495)
Postretirement benefits (1) 36
Other (3) 9
Cash Provided by Operations 944 886
Investing Activities    
Capital spending (470) (499)
Payments to Acquire Businesses, Net of Cash Acquired 46 0
Acquisition of business, net of cash acquired 1 30
Investments in time deposits (300) (451)
Maturities of time deposits 545 433
Other (7) 0
Cash Used for Investing (277) (487)
Financing Activities    
Cash dividends paid (775) (748)
Change in short-term debt 553 960
Debt proceeds 0 5
Debt repayments (300) (253)
Proceeds from exercise of stock options 75 27
Acquisitions of common stock for the treasury (49) (331)
Payments of Ordinary Dividends, Noncontrolling Interest (82) (17)
Other (42) (37)
Cash Used for Financing (620) (394)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (6) (2)
Change in Cash and Cash Equivalents 41 3
Cash and Cash Equivalents - Beginning of Period 270 303
Cash and Cash Equivalents - End of Period $ 311 $ 306