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Information Relating to the Consolidated Statement of Cash Flows (Tables) | 12 Months Ended
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Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract] |
Schedule of information relating to the consolidated statement of cash flows |
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Distributions more (less) than income from equity affiliates includes the following: |  |  |  |  |  |  |  |  |  |  |  |
Distributions from equity affiliates |  | $ | 4,246 |  |  | $ | 3,855 |  |  | $ | 3,659 |
(Income) loss from equity affiliates |  |  | (5,131 | ) |  |  | (8,585 | ) |  |  | (5,657) |
Distributions more (less) than income from equity affiliates |  | $ | (885 | ) |  | $ | (4,730 | ) |  | $ | (1,998) |
Net decrease (increase) in operating working capital was composed of the following: |  |  |  |  |  |  |  |  |  |  |  |
Decrease (increase) in accounts and notes receivable |  | $ | 1,187 |  |  | $ | (2,317 | ) |  | $ | (7,548) |
Decrease (increase) in inventories |  |  | (320 | ) |  |  | (930 | ) |  |  | (530) |
Decrease (increase) in prepaid expenses and other current assets |  |  | (1,202 | ) |  |  | (226 | ) |  |  | 19 |
Increase (decrease) in accounts payable and accrued liabilities |  |  | (49 | ) |  |  | 2,750 |  |  |  | 5,475 |
Increase (decrease) in income and other taxes payable |  |  | (2,801 | ) |  |  | 2,848 |  |  |  | 1,223 |
Net decrease (increase) in operating working capital |  | $ | (3,185 | ) |  | $ | 2,125 |  |  | $ | (1,361) |
Net cash provided by operating activities includes the following cash payments: |  |  |  |  |  |  |  |  |  |  |  |
Interest on debt (net of capitalized interest) |  | $ | 465 |  |  | $ | 525 |  |  | $ | 699 |
Income taxes |  |  | 10,416 |  |  |  | 9,148 |  |  |  | 4,355 |
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds and deposits related to asset sales |  | $ | 446 |  |  | $ | 1,435 |  |  | $ | 1,352 |
Returns of investment from equity affiliates |  |  | 223 |  |  |  | 1,200 |  |  |  | 439 |
Proceeds and deposits related to asset sales and returns of investment |  | $ | 669 |  |  | $ | 2,635 |  |  | $ | 1,791 |
Net sales (purchases) of marketable securities consisted of the following gross amounts: |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities purchased |  | $ | (289 | ) |  | $ | (7 | ) |  | $ | (4) |
Marketable securities sold |  |  | 464 |  |  |  | 124 |  |  |  | 3 |
Net sales (purchases) of marketable securities |  | $ | 175 |  |  | $ | 117 |  |  | $ | (1) |
Net repayment (borrowing) of loans by equity affiliates: |  |  |  |  |  |  |  |  |  |  |  |
Borrowing of loans by equity affiliates |  | $ | (368 | ) |  | $ | (108 | ) |  | $ | — |
Repayment of loans by equity affiliates |  |  | 66 |  |  |  | 84 |  |  |  | 401 |
Net repayment (borrowing) of loans by equity affiliates |  | $ | (302 | ) |  | $ | (24 | ) |  | $ | 401 |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |  |  |  |  |  |  |  |  |  |  |  |
Repayments of short-term obligations |  | $ | — |  |  | $ | — |  |  | $ | (6,906) |
Proceeds from issuances of short-term debt obligations |  |  | — |  |  |  | — |  |  |  | 4,448 |
Net borrowings (repayments) of short-term obligations with three months or less maturity |  |  | 135 |  |  |  | 263 |  |  |  | (3,114) |
Net borrowings (repayments) of short-term obligations |  | $ | 135 |  |  | $ | 263 |  |  | $ | (5,572) |
Net sales (purchases) of treasury shares consists of the following gross and net amounts: |  |  |  |  |  |  |  |  |  |  |  |
Shares issued for share-based compensation plans |  | $ | 261 |  |  | $ | 5,838 |  |  | $ | 1,421 |
Shares purchased under share repurchase and deferred compensation plans |  |  | (14,939 | ) |  |  | (11,255 | ) |  |  | (1,383) |
Net sales (purchases) of treasury shares |  | $ | (14,678 | ) |  | $ | (5,417 | ) |  | $ | 38 |
Net contributions from (distributions to) noncontrolling interests consisted of the following gross and net amounts: |  |  |  |  |  |  |  |  |  |  |  |
Distributions to noncontrolling interests |  | $ | (54 | ) |  | $ | (118 | ) |  | $ | (53) |
Contributions from noncontrolling interests |  |  | 14 |  |  |  | 4 |  |  |  | 17 |
Net contributions from (distributions to) noncontrolling interests |  | $ | (40 | ) |  | $ | (114 | ) |  | $ | (36) |
Capital expenditures | The components of “Capital expenditures” are presented in the following table:
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Additions to properties, plant and equipment * |  | $ | 14,788 |  |  | $ | 10,349 |  |  | $ | 7,515 |
Additions to investments |  |  | 690 |  |  |  | 1,147 |  |  |  | 460 |
Current-year dry hole expenditures |  |  | 326 |  |  |  | 309 |  |  |  | 83 |
Payments for other assets and liabilities, net |  |  | 25 |  |  |  | 169 |  |  |  | (2) |
Capital expenditures |  | $ | 15,829 |  |  | $ | 11,974 |  |  | $ | 8,056 |
* | Excludes non-cash movements of $1,559 in 2023, $334 in 2022 and $316 in 2021.
Schedule of Cash and Cash Equivalents | The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Cash and cash equivalents |  | $ | 8,178 |  |  | $ | 17,678 |  |  | $ | 5,640 |
Restricted cash included in “Prepaid expenses and other current assets” |  |  | 275 |  |  |  | 630 |  |  |  | 333 |
Restricted cash included in “Deferred charges and other assets” |  |  | 822 |  |  |  | 813 |  |  |  | 822 |
Total cash, cash equivalents and restricted cash |  | $ | 9,275 |  |  | $ | 19,121 |  |  | $ | 6,795 |
Restrictions on Cash and Cash Equivalents | The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Cash and cash equivalents |  | $ | 8,178 |  |  | $ | 17,678 |  |  | $ | 5,640 |
Restricted cash included in “Prepaid expenses and other current assets” |  |  | 275 |  |  |  | 630 |  |  |  | 333 |
Restricted cash included in “Deferred charges and other assets” |  |  | 822 |  |  |  | 813 |  |  |  | 822 |
Total cash, cash equivalents and restricted cash |  | $ | 9,275 |  |  | $ | 19,121 |  |  | $ | 6,795 |

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