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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 2,142 $ 3,309
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 819 837
Stock-based compensation expense 88 88
Deferred income tax (benefit)/provision 41 159
Asset impairments and accelerated depreciation 178 203
Loss on early extinguishment of debt 38 110
Gain on acquisition 0 (9)
Loss/(gain) on equity method investment transactions 19 (745)
Equity method investment net earnings (300) (290)
Distributions from equity method investments 169 158
Other non-cash items, net 252 (52)
Change in assets and liabilities, net of acquisitions and divestitures:    
Receivables, net (625) (417)
Inventories, net (745) (342)
Accounts payable 332 420
Other current assets (143) (259)
Other current liabilities 413 (231)
Change in pension and postretirement assets and liabilities, net (162) (219)
Net cash provided by operating activities 2,516 2,720
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (621) (639)
Acquisitions, net of cash received (3,978) (833)
Proceeds from divestitures including equity method investments 604 1,498
Proceeds from derivative settlements and other 585 80
Net cash (used in)/provided by investing activities (3,410) 106
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Net issuances/(repayments) of short-term borrowings 1,370 207
Long-term debt proceeds 4,490 5,921
Long-term debt repayments (3,005) (5,898)
Repurchases of Common Stock (1,838) (1,824)
Dividends paid (1,457) (1,337)
Other 143 (40)
Net cash used in financing activities (297) (2,971)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (167) (97)
Cash, cash equivalents and restricted cash:    
(Decrease)/Increase (1,358) (242)
Balance at beginning of period 3,553 3,650
Balance at end of period $ 2,195 $ 3,408