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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information
Note 13: Supplemental Financial Information
Cash Payments for Interest and Income Taxes
Year ended December 31 (in millions)202420232022
Interest$3,657 $3,711 $3,413 
Income taxes(a)(b)
$7,096 $5,107 $5,265 
(a) Cash payments for income taxes in 2024 includes $1.7 billion related to the purchase of third-party transferable tax credits.
(b) Changes in other operating assets and liabilities in the consolidated statements of cash flows included an increase in current tax receivables and a decrease in current taxes payable for the year ended December 31, 2024, and an increase in current taxes payable for the year ended December 31, 2023. See Notes 5 and 7.
Noncash Activities
During 2024:
•we acquired $2.8 billion of property and equipment and intangible assets that were accrued but unpaid
•we recorded a liability of $1.2 billion for a quarterly cash dividend of $0.31 per common share paid in January 2025
During 2023:
•we acquired $2.1 billion of property and equipment and intangible assets that were accrued but unpaid
•we recorded a liability of $1.2 billion for a quarterly cash dividend of $0.29 per common share paid in January 2024
During 2022:
•we acquired $2.0 billion of property and equipment and intangible assets that were accrued but unpaid
•we recorded a liability of $1.1 billion for a quarterly cash dividend of $0.27 per common share paid in January 2023
Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets to the total of the amounts reported in our consolidated statements of cash flows.
December 31 (in millions)20242023
Cash and cash equivalents
$7,322 $6,215 
Restricted cash included in other current assets and other noncurrent assets, net55 67 
Cash, cash equivalents and restricted cash, end of year$7,377 $6,282 
Our cash equivalents consist primarily of money market funds and U.S. government obligations, as well as commercial paper and certificates of deposit with maturities of three months or less when purchased. The carrying amounts of our cash equivalents approximate their fair values, which are primarily based on Level 1 inputs.