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Information Relating to the Consolidated Statement of Cash Flows (Tables) | 3 Months Ended
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Mar. 31, 2021
Supplemental Cash Flow Elements [Abstract] |
Schedule of Information Relating to Consolidated Statement of Cash Flows |
| Three Months Ended March 31
| 2021 |  | 2020
| (Millions of dollars)
Distributions more (less) than income from equity affiliates includes the following: |  |
Distributions from equity affiliates | $ | 420 |  |  | $ | 326 |
(Income) loss from equity affiliates | (911) |  |  | (965) |
Distributions more (less) than income from equity affiliates | $ | (491) |  |  | $ | (639) |
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable | $ | (2,827) |  |  | $ | 2,986 |
Decrease (increase) in inventories | 51 |  |  | (733) |
Decrease (increase) in prepaid expenses and other current assets | (102) |  |  | 120 |
Increase (decrease) in accounts payable and accrued liabilities | 1,599 |  |  | (3,268) |
Increase (decrease) in income and other taxes payable | 377 |  |  | (201) |
Net decrease (increase) in operating working capital | $ | (902) |  |  | $ | (1,096) |
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest) | $ | 70 |  |  | $ | 106 |
Income taxes | 629 |  |  | 981 |
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |  |  |
Proceeds and deposits related to asset sales | $ | 147 |  |  | $ | 363 |
Returns of investment from equity affiliates | 11 |  |  | 11 |
Proceeds and deposits related to asset sales and returns of investment | $ | 158 |  |  | $ | 374 |
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased | $ | (1) |  |  | $ | — |
Marketable securities sold | 1 |  |  | — |
Net sales (purchases) of marketable securities | $ | — |  |  | $ | — |
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: |  |  |
Borrowing of loans by equity affiliates | $ | — |  |  | $ | (425) |
Repayment of loans by equity affiliates | 25 |  |  | 26 |
Net repayment (borrowing) of loans by equity affiliates | $ | 25 |  |  | $ | (399) |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |  |  |
Proceeds from issuances of short-term obligations | $ | 2,872 |  |  | $ | 4,952 |
Repayments of short-term obligations | (1,792) |  |  | (1,010) |
Net borrowings (repayments) of short-term obligations with three months or less maturity | 157 |  |  | 4,225 |
Net borrowings (repayments) of short-term obligations | $ | 1,237 |  |  | $ | 8,167 |
Net sales (purchases) of treasury shares consists of the following gross and net amounts: |  |  |
Shares issued for share-based compensation plans | $ | 273 |  |  | $ | 178 |
Shares purchased under share repurchase and deferred compensation plans | (6) |  |  | (1,751) |
Net sales (purchases) of treasury shares | $ | 267 |  |  | $ | (1,573) |
The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
| At March 31 |  | At December 31
| 2021 |  | 2020 |  | 2020 |  | 2019
| (Millions of dollars)
Cash and Cash Equivalents | $ | 7,076 |  |  | $ | 8,492 |  |  | $ | 5,596 |  |  | $ | 5,686 |
Restricted cash included in “Prepaid expenses and other current assets” | 412 |  |  | 434 |  |  | 365 |  |  | 452 |
Restricted cash included in “Deferred charges and other assets” | 776 |  |  | 764 |  |  | 776 |  |  | 773 |
Total Cash, Cash Equivalents and Restricted Cash | $ | 8,264 |  |  | $ | 9,690 |  |  | $ | 6,737 |  |  | $ | 6,911 |
Capital Expenditures | The major components of “Capital expenditures” and the reconciliation of this amount to the reported capital and exploratory expenditures, including equity affiliates, are presented in the following table:
| Three Months Ended March 31
| 2021 |  | 2020
| (Millions of dollars)
Additions to properties, plant and equipment | $ | 1,631 |  |  | $ | 3,071 |
Additions to investments | 109 |  |  | 13 |
Current-year dry hole expenditures | 4 |  |  | 49 |
Payments for other assets and liabilities, net | 2 |  |  | — |
Capital expenditures | 1,746 |  |  | 3,133 |
Expensed exploration expenditures | 82 |  |  | 108 |
Assets acquired through finance lease obligations and other financing obligations | — |  |  | — |
Payments for other assets and liabilities, net | (2) |  |  | — |
Capital and exploratory expenditures, excluding equity affiliates | 1,826 |  |  | 3,241 |
Company’s share of expenditures by equity affiliates | 678 |  |  | 1,183 |
Capital and exploratory expenditures, including equity affiliates | $ | 2,504 |  |  | $ | 4,424 |

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