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Consolidated Cash Flow Statement - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income $ 1,961 $ 1,844 $ 2,396
Depreciation and amortization 754 766 796
Asset Impairments 0 3 17
Stock-based compensation 150 26 147
Deferred income taxes (57) (70) 45
Net (gains) losses on asset dispositions 15 39 68
Equity companies' earnings (in excess of) less than dividends paid 6 25 (30)
Operating working capital (17) 46 363
Postretirement benefits (4) 47 (28)
Other 10 4 (45)
Cash Provided by Operations 2,733 2,730 3,729
Investing Activities      
Capital spending (876) (1,007) (1,217)
Payments to Acquire Businesses, Net of Cash Acquired (46) 0 (1,083)
Proceeds from dispositions of property 12 43 31
Investments in time deposits (658) (918) (753)
Maturities of time deposits 797 836 690
Other (14) (10) 27
Cash Used for Investing (785) (1,056) (2,305)
Financing Activities      
Cash dividends paid (1,558) (1,516) (1,451)
Change in short-term debt 261 (97) (561)
Debt proceeds 0 605 1,845
Debt repayments (312) (269) (854)
Proceeds from exercise of stock options 94 65 217
Acquisitions of common stock for the treasury (100) (400) (700)
Other (47) (48) (26)
Cash Used for Financing (1,760) (1,696) (1,567)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (31) (11) 4
Change in Cash and Cash Equivalents 157 (33) (139)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 427 270 303
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (85) 0 0
Payments of Ordinary Dividends, Noncontrolling Interest $ (98) $ (36) $ (37)