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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 2,047 $ 1,288
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 564 528
Stock-based compensation expense 63 63
Deferred income tax provision/(benefit) 92 (110)
Asset impairments and accelerated depreciation 152 99
Loss on early extinguishment of debt 110 0
Gain on acquisition (9) 0
Gain on equity method investment transactions (495) (192)
Equity method investment net earnings (185) (227)
Distributions from equity method investments 94 193
Other non-cash items, net (5) 154
Change in assets and liabilities, net of acquisitions:    
Receivables, net 42 328
Inventories, net (289) (233)
Accounts payable 182 75
Other current assets (190) (62)
Other current liabilities (231) (224)
Change in pension and postretirement assets and liabilities, net (150) (122)
Net cash provided by operating activities 1,792 1,558
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (410) (445)
Acquisitions, net of cash received (833) (1,141)
Proceeds from divestitures including equity method investments 998 579
Other 25 (30)
Net cash used in investing activities (220) (1,037)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Issuances of commercial paper, maturities greater than 90 days 0 677
Repayments of commercial paper, maturities greater than 90 days 0 (654)
Net issuances of other short-term borrowings 37 109
Long-term debt proceeds 2,378 2,533
Long-term debt repaid (3,376) (1,430)
Repurchase of Common Stock (1,498) (720)
Dividends paid (896) (819)
Other 127 123
Net cash used in financing activities (3,228) (181)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (25) (37)
Cash, cash equivalents and restricted cash:    
(Decrease)/Increase (1,681) 303
Balance at beginning of period 3,650 1,328
Balance at end of period $ 1,969 $ 1,631