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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES      
Net earnings $ 4,623 $ 4,968 $ 2,726
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization 1,302 1,215 1,107
Stock-based compensation expense 147 146 120
Deferred income tax provision/(benefit) 257 (37) (42)
Asset impairments and accelerated depreciation 267 128 233
Gain on acquisition and divestitures (4) (108) 0
Loss/(gain) on equity method investment transactions 337 (465) 22
Equity method investment net earnings (175) (160) (385)
Distributions from equity method investments 115 137 184
Unrealized (gain)/loss on derivative contracts (627) (171) 338
Gain on marketable securities 0 (593) 0
Contingent consideration adjustments (389) 125 47
Other non-cash items, net 26 38 71
Change in assets and liabilities, net of acquisitions and divestitures:      
Receivables, net (519) (628) (719)
Inventories, net (458) (193) (635)
Accounts payable 1,682 264 715
Other current assets (591) (120) (286)
Other current liabilities (932) 354 638
Change in pension and postretirement assets and liabilities, net (151) (186) (226)
Net cash provided by operating activities 4,910 4,714 3,908
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES      
Capital expenditures (1,387) (1,112) (906)
Acquisitions, net of cash received (240) 19 (5,286)
Proceeds from divestitures including equity method and marketable security investments 2,294 4,099 601
Proceeds from derivative settlements 320 177 768
Payments for derivative settlements (199) (81) (86)
Contributions to investments (278) (309) (24)
Proceeds from sale of property, plant and equipment and other 16 19 45
Net cash provided by/(used in) by investing activities 526 2,812 (4,888)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES      
Issuances of commercial paper, maturities greater than 90 days 0 67 0
Repayments of commercial paper, maturities greater than 90 days 0 (67) 0
Net (repayments)/issuances of short-term borrowings (343) (1,869) 1,914
Long-term debt proceeds 1,671 277 4,490
Long-term debt repayments (2,554) (2,432) (3,032)
Repurchases of Common Stock (2,334) (1,547) (2,017)
Dividends paid (2,349) (2,160) (1,985)
Other 129 173 174
Net cash used in financing activities (5,780) (7,558) (456)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (140) (32) (169)
Cash, cash equivalents and restricted cash:      
Decrease (484) (64) (1,605)
Balance at beginning of period 1,884 1,948 3,553
Balance at end of period 1,400 1,884 1,948
Cash paid:      
Interest 554 568 551
Income taxes $ 1,474 $ 1,607 $ 1,103