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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net earnings $ 979 $ 894
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 185 187
Amortization of intangible assets 310 330
Asset impairments 0 3
Share-based compensation 107 107
Recall charges 18 82
Sale of inventory stepped-up to fair value at acquisition 12 137
Changes in operating assets and liabilities:    
Accounts receivable (159) (24)
Inventories (523) (128)
Accounts payable 34 57
Accrued expenses and other liabilities (257) 22
Recall-related payments (19) (163)
Income taxes (132) (98)
Other, net 177 (76)
Net cash provided by operating activities 732 1,330
Investing activities    
Acquisitions, net of cash acquired (2,563) (104)
Purchases of marketable securities (38) (31)
Proceeds from sales of marketable securities 29 28
Purchases of property, plant and equipment (262) (189)
Other investing, net 0 (2)
Net cash used in investing activities (2,834) (298)
Financing activities    
Proceeds (payments) on short-term borrowings, net (376) (7)
Proceeds from issuance of long-term debt 1,500 5
Payments on long-term debt (252) (1,151)
Payments of dividends (525) (475)
Cash paid for taxes from withheld shares (84) (74)
Other financing, net (23) (27)
Net cash provided by (used in) financing activities 240 (1,729)
Effect of exchange rate changes on cash and cash equivalents (38) (5)
Change in cash and cash equivalents (1,900) (702)
Cash and cash equivalents at beginning of period 2,944 2,943
Cash and cash equivalents at end of period $ 1,044 $ 2,241