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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Statement of Cash Flows [Abstract]    
Net income from continuing operations $ 1,907 $ 3,859
Adjustments to reconcile net income from continuing operations to net cash flows provided by operating activities:    
Depreciation and amortization 3,152 3,060
Deferred income tax benefit (728) (1,681)
Stock compensation cost 319 318
Net periodic pension and other postretirement income (1,164) (1,062)
Change in:    
Accounts receivable (913) 321
Contract assets (1,163) (999)
Inventory (1,430) (1,434)
Other current assets (878) (584)
Accounts payable and accrued liabilities 3,422 1,298
Contract liabilities 429 (284)
Other operating activities, net 219 (272)
Net cash flows provided by operating activities from continuing operations 3,172 2,540
Investing Activities:    
Capital expenditures (1,610) (1,433)
Investments in businesses 0 (66)
Dispositions of businesses, net of cash transferred 6 94
Customer financing assets receipts, net 41 25
Increase in other intangible assets (536) (318)
Payments from settlements of derivative contracts, net (18) (259)
Other investing activities, net 56 66
Net cash flows used in investing activities from continuing operations (2,061) (1,891)
Financing Activities:    
Issuance of long-term debt 2,974 0
Repayment of long-term debt (175) (2)
Change in commercial paper, net (Note 8) 473 2,067
Change in other short-term borrowings, net 68 (14)
Dividends paid on common stock (2,472) (2,337)
Repurchase of common stock (2,587) (2,395)
Other financing activities, net (190) (329)
Net cash flows used in financing activities from continuing operations (1,909) (3,010)
Effect of foreign exchange rate changes on cash and cash equivalents 4 (57)
Net decrease in cash, cash equivalents, and restricted cash (794) (2,418)
Cash, cash equivalents, and restricted cash, beginning of period 6,291 7,853
Cash, cash equivalents, and restricted cash, end of period 5,497 5,435
Less: Restricted cash, included in Other assets, current and Other assets 41 54
Cash and cash equivalents, end of period $ 5,456 $ 5,381