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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 1,609 $ 2,047
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 548 564
Stock-based compensation expense 56 63
Deferred income tax (benefit)/provision (32) 92
Asset impairments and accelerated depreciation 163 152
Loss on early extinguishment of debt 38 110
Gain on acquisition 0 (9)
Loss/(gain) on equity method investment transactions 13 (495)
Equity method investment net earnings (215) (185)
Distributions from equity method investments 121 94
Other non-cash items, net 150 (5)
Change in assets and liabilities, net of acquisitions and divestitures:    
Receivables, net (227) 42
Inventories, net (366) (289)
Accounts payable 183 182
Other current assets (142) (190)
Other current liabilities 179 (231)
Change in pension and postretirement assets and liabilities, net (111) (150)
Net cash provided by operating activities 1,967 1,792
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (385) (410)
Acquisitions, net of cash received (1,402) (833)
Proceeds from divestitures including equity method investments 595 998
Proceeds from sale of property, plant and equipment and other 193 25
Net cash used in investing activities (999) (220)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Net issuances/(repayments) of other short-term borrowings 219 37
Long-term debt proceeds 1,991 2,378
Long-term debt repayments (2,329) (3,376)
Repurchases of Common Stock (1,506) (1,498)
Dividends paid (977) (896)
Other 86 127
Net cash used in financing activities (2,516) (3,228)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (70) (25)
Cash, cash equivalents and restricted cash:    
(Decrease)/Increase (1,618) (1,681)
Balance at beginning of period 3,553 3,650
Balance at end of period $ 1,935 $ 1,969