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Consolidated Cash Flow Statement - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 1,211 $ 661
Depreciation and amortization 373 377
Asset impairments 5 676
Stock-based compensation 71 71
Deferred income taxes (79) (238)
Net (gains) losses on asset and business dispositions 83 (71)
Equity companies' earnings (in excess of) less than dividends paid (82) (60)
Operating working capital (135) (35)
Postretirement benefits 3 26
Other 9 (7)
Cash Provided by Operations 1,459 1,400
Investing Activities    
Capital spending (352) (389)
Investments in time deposits (242) (388)
Maturities of time deposits 235 470
Other (31) 14
Cash Used for Investing (376) (75)
Financing Activities    
Cash dividends paid (809) (790)
Change in short-term debt 7 (307)
Debt proceeds 0 357
Repayments of Long-Term Debt 0 (350)
Proceeds from exercise of stock options 41 96
Acquisitions of common stock for the treasury (156) (63)
Payments to Noncontrolling Interests 0 (48)
Payments of Ordinary Dividends, Noncontrolling Interest (19) (16)
Other (62) (31)
Cash Used for Financing (998) (1,152)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (15) (20)
Change in Cash and Cash Equivalents 70 153
Cash and Cash Equivalents - Beginning of Period 1,093 427
Cash and Cash Equivalents - End of Period 1,163 580
Acquisition of business, net of cash acquired $ 14 $ 218