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Consolidated Cash Flow Statement - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Operating Activities        
Net income $ 1,085 $ 1,211    
Depreciation and amortization 440 373    
Asset impairments 0 5    
Stock-based compensation 73 71    
Deferred income taxes (30) (79)    
Net (gains) losses on asset and business dispositions 36 83    
Equity companies' earnings (in excess of) less than dividends paid (50) (82)    
Operating working capital (471) (135)    
Postretirement benefits 9 3    
Other 5 9    
Cash Provided by Operations 1,097 1,459    
Investing Activities        
Capital spending (401) (352)    
Proceeds from asset and business dispositions 12 14    
Investments in time deposits (227) (242)    
Maturities of time deposits 282 235    
Other 22 (31)    
Cash Used for Investing (312) (376)    
Financing Activities        
Cash dividends paid (824) (809)    
Change in short-term debt 51 7    
Repayments of Long-Term Debt (250) 0    
Proceeds from exercise of stock options 36 41    
Repurchases of common stock (120) (156)    
Payments of Ordinary Dividends, Noncontrolling Interest (18) (19)    
Other (58) (62)    
Cash Used for Financing (1,183) (998)    
Effect of Exchange Rate Changes on Cash and Cash Equivalents 34 (15)    
Change in Cash and Cash Equivalents (364) 70    
Cash and cash equivalents from continuing operations - beginning of period 634 1,149 $ 1,010 $ 1,075
Cash and cash equivalents from discontinued operations - end of period(a) 23 14 11 18
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation $ 657 $ 1,163 $ 1,021 $ 1,093