Information Relating to the Consolidated Statement of Cash Flows

12 Months Ended

Dec. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Information Relating to the Consolidated Statement of Cash Flows


	Year ended December 31
	2024		2023		2022
Distributions more (less) than income from equity affiliates includes the following:
Distributions from equity affiliates	$	4,230	$	4,246	$	3,855
(Income) loss from equity affiliates	(4,596)		(5,131)		(8,585)
Distributions more (less) than income from equity affiliates	$	(366)	$	(885)	$	(4,730)
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable	$	(932)	$	1,187	$	(2,317)
Decrease (increase) in inventories	(574)		(320)		(930)
Decrease (increase) in prepaid expenses and other current assets	(16)		(1,202)		(226)
Increase (decrease) in accounts payable and accrued liabilities	2,569		(49)		2,750
Increase (decrease) in income and other taxes payable	164		(2,801)		2,848
Net decrease (increase) in operating working capital	$	1,211	$	(3,185)	$	2,125
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest)	$	587	$	465	$	525
Income taxes	8,458		10,416		9,148
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
Proceeds and deposits related to asset sales	$	7,509	$	446	$	1,435
Returns of investment from equity affiliates	195		223		1,200
Proceeds and deposits related to asset sales and returns of investment	$	7,704	$	669	$	2,635
Net maturities (investments) of time deposits consisted of the following gross amounts:
Investments in time deposits	$	(6)	$	—	$	—
Maturities of time deposits	2		—		—
Net maturities of (investments in) time deposits	$	(4)	$	—	$	—
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased	$	—	$	(289)	$	(7)
Marketable securities sold	45		464		124
Net sales (purchases) of marketable securities	$	45	$	175	$	117
Net repayment (borrowing) of loans by equity affiliates:
Borrowing of loans by equity affiliates	$	(304)	$	(368)	$	(108)
Repayment of loans by equity affiliates	71		66		84
Net repayment (borrowing) of loans by equity affiliates	$	(233)	$	(302)	$	(24)
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
Repayments of short-term obligations	$	(840)	$	—	$	—
Proceeds from issuances of short-term debt obligations	4,539		—		—
Net borrowings (repayments) of short-term obligations with three months or less maturity	1,169		135		263
Net borrowings (repayments) of short-term obligations	$	4,868	$	135	$	263
Net sales (purchases) of treasury shares consists of the following gross and net amounts:
Shares issued for share-based compensation plans	$	330	$	261	$	5,838
Shares purchased under share repurchase and deferred compensation plans	(15,229)		(14,939)		(11,255)
Share repurchase excise tax payments	(145)		—		—
Net sales (purchases) of treasury shares	$	(15,044)	$	(14,678)	$	(5,417)
Net contributions from (distributions to) noncontrolling interests consisted of the following gross and net amounts:
Distributions to noncontrolling interests	$	(210)	$	(54)	$	(118)
Contributions from noncontrolling interests	15		14		4
Net contributions from (distributions to) noncontrolling interests	$	(195)	$	(40)	$	(114)

The “Other” line in the Operating Activities section includes changes in asset retirement obligations, decommissioning obligations associated with previously divested assets, post-employment benefit obligations and other long-term liabilities. Refer also to Note 25 Asset Retirement Obligations for a discussion of the company’s AROs activity, including revisions that did not involve cash receipts or payments.

The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash. “Depreciation, depletion and amortization” and “Deferred income tax provision” collectively include approximately $400

in non-cash reductions to “Properties, plant and equipment” and “Investments and advances” in 2024 relating to impairments. “Operating expenses” and “Deferred income tax provision” include an approximately $715 severance charge related to non-cash increases to “Net decrease (increase) in operating working capital” and “Other” associated with employee severance. The cash outlay for severance payments is expected to take place through 2026.

The components of “Capital expenditures” are presented in the following table:


	Year ended December 31
	2024		2023		2022
Additions to properties, plant and equipment*	$	15,544	$	14,788	$	10,349
Additions to investments	573		690		1,147
Current-year dry hole expenditures	331		326		309
Payments for other assets and liabilities, net	—		25		169
Capital expenditures	$	16,448	$	15,829	$	11,974

* Excludes non-cash movements of $395 in 2024, $1,559 in 2023 and $316 in 2022.

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
		2024		2023		2022
Cash and cash equivalents		$	6,781	$	8,178	$	17,678
Restricted cash included in “Prepaid expenses and other current assets”		281		275		630
Restricted cash included in “Deferred charges and other assets”		1,200		822		813
Total cash, cash equivalents and restricted cash		$	8,262	$	9,275	$	19,121