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Consolidated Cash Flow Statement - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 1,764 $ 1,961 $ 1,844
Depreciation and amortization 753 754 766
Asset Impairments 676 0 3
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 0 (85) 0
Stock-based compensation 169 150 26
Deferred income taxes (322) (57) (70)
Net (gains) losses on asset dispositions (75) 15 39
Equity companies' earnings (in excess of) less than dividends paid (59) 6 25
Operating working capital 582 (17) 46
Postretirement benefits 24 (4) 47
Other 30 10 4
Cash Provided by Operations 3,542 2,733 2,730
Investing Activities      
Capital spending (766) (876) (1,007)
Payments to Acquire Businesses, Net of Cash Acquired 0 (46) 0
Proceeds from dispositions of property 245 12 43
Investments in time deposits (720) (658) (918)
Maturities of time deposits 815 797 836
Other 8 (14) (10)
Cash Used for Investing (418) (785) (1,056)
Financing Activities      
Cash dividends paid (1,588) (1,558) (1,516)
Change in short-term debt (371) 261 (97)
Debt proceeds 363 0 605
Debt repayments (475) (312) (269)
Proceeds from exercise of stock options 97 94 65
Acquisitions of common stock for the treasury (225) (100) (400)
Payments to Noncontrolling Interests (95) 0 0
Other (45) (47) (48)
Cash Used for Financing (2,374) (1,760) (1,696)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (84) (31) (11)
Payments of Ordinary Dividends [Abstract]      
Payments of Ordinary Dividends, Noncontrolling Interest (35) (98) (36)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect [Abstract]      
Change in Cash and Cash Equivalents 666 157 (33)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents $ 1,093 $ 427 $ 270