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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES      
Net earnings $ 3,569 $ 3,944 $ 3,331
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization 1,116 1,047 811
Stock-based compensation expense 126 135 128
U.S. tax reform transition tax/(benefit) 0 5 (38)
Deferred income tax (benefit)/provision (70) (631) 233
Asset impairments and accelerated depreciation 136 109 141
Loss on early extinguishment of debt 185 0 140
Net gain on divestitures 0 (44) 0
Net loss/(gain) on equity method investment transactions (989) 2 (778)
Equity method investment net earnings (421) (501) (484)
Distributions from equity method investments 246 250 180
Other non-cash items, net 243 97 381
Change in assets and liabilities, net of acquisitions and divestitures:      
Receivables, net 59 124 257
Inventories, net (24) 31 (204)
Accounts payable 436 4 236
Other current assets (207) (77) (25)
Other current liabilities (208) (362) (136)
Change in pension and postretirement assets and liabilities, net (233) (168) (225)
Net cash provided by operating activities 3,964 3,965 3,948
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES      
Capital expenditures (863) (925) (1,095)
Acquisitions, net of cash received (1,136) (284) (528)
Proceeds from divestitures including equity method investments 2,489 167 1
Proceeds from sale of property, plant and equipment and other 10 82 398
Net cash provided by/(used in) investing activities 500 (960) (1,224)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES      
Issuances of commercial paper, maturities greater than 90 days 677 1,306 3,981
Repayments of commercial paper, maturities greater than 90 days (1,174) (2,367) (2,856)
Net issuances/(repayments) of other short-term borrowings (2,116) 524 (1,413)
Long-term debt proceeds 7,213 3,136 2,948
Long-term debt repayments (3,878) (2,677) (1,821)
Repurchases of Common Stock (1,390) (1,480) (2,020)
Dividends paid (1,678) (1,542) (1,359)
Other 131 313 211
Net cash used in financing activities (2,215) (2,787) (2,329)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 73 10 (56)
Cash, cash equivalents and restricted cash:      
Increase/(decrease) 2,322 228 339
Balance at beginning of period 1,328 1,100 761
Balance at end of period 3,650 1,328 1,100
Cash paid:      
Interest 413 486 491
Income taxes $ 1,264 $ 981 $ 864