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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Consolidated net income $ 1,145 $ 1,101
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,026 990
Deferred income tax expense (benefit) 31 (64)
Interest accretion on landfill and environmental remediation liabilities 65 55
Provision for bad debts 20 24
Equity-based compensation expense 47 51
Net gain on disposal of assets (20) (10)
(Gain) loss from divestitures, asset impairments and other, net (3) 17
Equity in net losses of unconsolidated entities, net of dividends 23 32
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables (105) (88)
Other current assets (29) (26)
Other assets 43 36
Accounts payable and accrued liabilities (22) 250
Deferred revenues and other liabilities (147) (63)
Net cash provided by operating activities 2,074 2,305
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (118) (10)
Capital expenditures (1,180) (968)
Proceeds from divestitures of businesses and other assets, net of cash divested 46 11
Other, net (87) (133)
Net cash used in investing activities (1,339) (1,100)
Cash flows from financing activities:    
New borrowings 11,356 5,360
Debt repayments (11,074) (4,683)
Common stock repurchase program (620) (520)
Cash dividends (572) (544)
Exercise of common stock options 25 21
Tax payments associated with equity-based compensation transactions (28) (35)
Other, net (6) (6)
Net cash used in financing activities (919) (407)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents 2 1
(Decrease) increase in cash, cash equivalents and restricted cash and cash equivalents (182) 799
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 445 194
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 263 $ 993