XML 16 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Provided by (Used for) Operating Activities:    
Net Income $ 662 $ 671
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 71 66
Amortization and impairment of intangible assets 35 34
Change in deferred income taxes (37) 21
Provision for uncollectible accounts 1 0
(Income) loss from investments (1) (1)
Stock-based compensation expense 16 11
Other non-cash items, net 0 3
(Increase) decrease in-    
Trade receivables (301) (192)
Inventories (207) (122)
Prepaid expenses and other assets (47) (21)
Increase (decrease) in-    
Accounts payable 116 65
Accrued expenses and other liabilities (119) (13)
Income taxes 134 88
Other, net 0 (1)
Net cash provided by operating activities 323 609
Cash Provided by (Used for) Investing Activities:    
Acquisition of businesses (excluding cash and equivalents) (2) 0
Additions to plant and equipment (74) (68)
Proceeds from investments 2 1
Proceeds from sale of plant and equipment 2 2
Other, net (1) 0
Net cash provided by (used for) investing activities (73) (65)
Cash Provided by (Used for) Financing Activities:    
Cash dividends paid (382) (361)
Issuance of common stock 16 26
Repurchases of common stock (375) (250)
Net proceeds from (repayments of) debt with original maturities of three months or less 564 0
Proceeds from debt with original maturities of more than three months 357 0
Repayments of debt with original maturities of more than three months (656) 0
Other, net (13) (9)
Net cash provided by (used for) financing activities (489) (594)
Effect of Exchange Rate Changes on Cash and Equivalents 8 (30)
Cash and Equivalents:    
Increase (decrease) during the period (231) (80)
Beginning of period 1,527 2,564
End of period 1,296 2,484
Supplementary Cash Flow Information:    
Cash Paid During the Period for Interest 58 56
Cash Paid During the Period for Income Taxes, Net of Refunds $ 102 $ 86