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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 2,089 $ 861
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 303 275
Stock-based compensation expense 38 24
Deferred income tax provision/(benefit) 199 (70)
Asset impairments and accelerated depreciation 18 155
Loss on early extinguishment of debt 0 38
(Gain)/loss on equity method investment transactions (487) 5
Equity method investment net earnings (35) (117)
Distributions from equity method investments 102 107
Unrealized gain on derivative contracts (67) (13)
Unrealized gain on marketable securities (787) 0
Non-cash items, net 25 0
Change in assets and liabilities, net of acquisitions and divestitures:    
Receivables, net (590) (517)
Inventories, net (232) (81)
Accounts payable 216 397
Other current assets (137) (104)
Other current liabilities 517 230
Change in pension and postretirement assets and liabilities, net (49) (59)
Net cash provided by operating activities 1,123 1,131
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (223) (167)
Acquisitions, net of cash received 1 (1,418)
Proceeds from divestitures including equity method investments 1,034 66
(Payments)/proceeds from investments and derivative settlements (176) 78
Net cash provided by/(used in) investing activities 636 (1,441)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Net issuances/(repayments) of short-term borrowings 156 217
Long-term debt proceeds 0 1,991
Long-term debt repayments (1,036) (2,306)
Repurchases of Common Stock (399) (751)
Dividends paid (529) (491)
Other 51 60
Net cash used in financing activities (1,757) (1,280)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (11) (10)
Cash, cash equivalents and restricted cash:    
(Decrease)/Increase (9) (1,600)
Balance at beginning of period 1,948 3,553
Balance at end of period $ 1,939 $ 1,953