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Consolidated Cash Flow Statement - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income $ 1,252 $ 1,446
Depreciation and amortization 566 568
Asset impairments 676 0
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 0 85
Stock-based compensation 131 101
Deferred income taxes (297) (131)
Net (gains) losses on asset and business dispositions (77) 14
Equity companies' earnings (in excess of) less than dividends paid (74) (21)
Operating working capital 111 (166)
Postretirement benefits 34 6
Other 5 10
Cash Provided by Operations 2,327 1,742
Investing Activities    
Capital spending (549) (679)
Payments to Acquire Businesses, Net of Cash Acquired 0 46
Acquisition of business, net of cash acquired 219 7
Investments in time deposits (545) (411)
Maturities of time deposits 605 632
Other 4 (20)
Cash Used for Investing (266) (517)
Financing Activities    
Cash dividends paid (1,189) (1,167)
Change in short-term debt (336) 487
Debt proceeds 357 0
Debt repayments (350) (312)
Proceeds from exercise of stock options 97 84
Acquisitions of common stock for the treasury (95) (74)
Payments to Noncontrolling Interests (48) 0
Payments of Ordinary Dividends, Noncontrolling Interest (16) (82)
Other (40) (45)
Cash Used for Financing (1,620) (1,109)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (54) (24)
Change in Cash and Cash Equivalents 387 92
Cash and Cash Equivalents - Beginning of Period 427 270
Cash and Cash Equivalents - End of Period $ 814 $ 362