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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 968 $ 743
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 284 256
Stock-based compensation expense 25 28
Deferred income tax provision/(benefit) 34 (26)
Asset impairments and accelerated depreciation 43 0
Loss on early extinguishment of debt 110 0
Gain on acquisition (9) 0
Loss/(gain) on equity method investment transactions 7 (71)
Equity method investment net earnings (78) (121)
Distributions from equity method investments 74 165
Other non-cash items, net (23) 126
Change in assets and liabilities, net of acquisitions:    
Receivables, net (494) (610)
Inventories, net (37) (48)
Accounts payable 283 206
Other current assets (140) (217)
Other current liabilities (55) (71)
Change in pension and postretirement assets and liabilities, net (77) (76)
Net cash provided by operating activities 915 284
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (216) (214)
Acquisitions, net of cash received (490) 0
Proceeds from divestitures including equity method investments 0 185
Other 16 (26)
Net cash used in investing activities (690) (55)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Issuances of commercial paper, maturities greater than 90 days 0 157
Repayments of commercial paper, maturities greater than 90 days 0 (497)
Net issuances of other short-term borrowings 647 2,477
Long-term debt proceeds 2,373 0
Long-term debt repaid (3,353) (670)
Repurchase of Common Stock (1,046) (720)
Dividends paid (453) (409)
Other 51 117
Net cash (used in)/provided by financing activities (1,781) 455
Effect of exchange rate changes on cash, cash equivalents and restricted cash (35) (60)
Cash, cash equivalents and restricted cash:    
(Decrease)/Increase (1,591) 624
Balance at beginning of period 3,650 1,328
Balance at end of period $ 2,059 $ 1,952