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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 2,410 $ 3,208
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 813 777
Stock-based compensation expense 97 101
U.S. tax reform transition tax 0 2
Deferred income tax benefit (103) (738)
Asset impairments and accelerated depreciation 141 103
Net gain on divestiture 0 (44)
(Gain)/loss on equity method investment transactions (537) 2
Equity method investment net earnings (311) (389)
Distributions from equity method investments 220 217
Other non-cash items, net 225 70
Change in assets and liabilities, net of acquisitions and divestitures:    
Receivables, net (259) (217)
Inventories, net (314) (219)
Accounts payable 129 (259)
Other current assets (64) (113)
Other current liabilities 44 (499)
Change in pension and postretirement assets and liabilities, net (176) (120)
Net cash provided by operating activities 2,315 1,882
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (630) (686)
Acquisition, net of cash received (1,142) (284)
Proceeds from divestitures including equity method investments 1,357 166
Other 58 69
Net cash used in investing activities (357) (735)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Issuances of commercial paper, maturities greater than 90 days 677 809
Repayments of commercial paper, maturities greater than 90 days (1,119) (2,367)
Net issuances of other short-term borrowings (2,001) 1,637
Long-term debt proceeds 5,987 1,596
Long-term debt repaid (2,196) (415)
Repurchase of Common Stock (720) (1,143)
Dividends paid (1,227) (1,131)
Other 104 328
Net cash used in financing activities (495) (686)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) (24)
Cash, cash equivalents and restricted cash:    
Increase 1,462 437
Balance at beginning of period 1,328 1,100
Balance at end of period $ 2,790 $ 1,537