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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 3,030 $ 1,609
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 593 548
Stock-based compensation expense 75 56
Deferred income tax provision/(benefit) 101 (32)
Asset impairments and accelerated depreciation 44 163
Loss on early extinguishment of debt 1 38
(Gain)/loss on equity method investment transactions (464) 13
Equity method investment net earnings (106) (215)
Distributions from equity method investments 102 121
Unrealized (gain)/loss on derivative contracts (229) 137
Unrealized gain on marketable securities (593) 0
Other non-cash items, net 27 13
Change in assets and liabilities, net of acquisitions and divestitures:    
Receivables, net (90) (227)
Inventories, net (428) (366)
Accounts payable (62) 183
Other current assets (130) (142)
Other current liabilities 190 179
Change in pension and postretirement assets and liabilities, net (88) (111)
Net cash provided by operating activities 1,973 1,967
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (495) (385)
Acquisitions, net of cash received 19 (1,402)
Proceeds from divestitures including equity method and marketable security investments 1,960 595
(Payments)/proceeds from investments and derivative settlements (234) 193
Net cash provided by/(used in) investing activities 1,250 (999)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Issuances of commercial paper, maturities greater than 90 days 67 0
Net (repayments)/issuances of short-term borrowings (186) 219
Long-term debt proceeds 189 1,991
Long-term debt repayments (2,056) (2,329)
Repurchases of Common Stock (596) (1,506)
Dividends paid (1,055) (977)
Other 98 86
Net cash used in financing activities (3,539) (2,516)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (79) (70)
Cash, cash equivalents and restricted cash:    
(Decrease)/Increase (395) (1,618)
Balance at beginning of period 1,948 3,553
Balance at end of period $ 1,553 $ 1,935