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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net income $ 1,155 $ 252
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 913 924
Amortization of purchased intangibles 83 91
Loss on disposal of assets, net 20 135
Share-based compensation expense 216 202
Translation loss (gain) on foreign denominated debt, net 66 (28)
Deferred tax benefit (149) (51)
Translated earnings contract (gain) loss, net (63) 91
Release of cumulative translation losses 62
Changes in assets and liabilities:    
Trade accounts receivable (429) (493)
Inventories (266) (134)
Other current assets (256) (138)
Accounts payable and other current liabilities 391 266
Customer deposits and government incentives (49) 48
Deferred income (108) 23
Other, net 119 66
Net cash provided by operating activities 1,643 1,316
Cash Flows from Investing Activities:    
Capital expenditures (850) (711)
Realized gains on translated earnings contracts and other 192 239
Other, net (107) (65)
Net cash used in investing activities (765) (537)
Cash Flows from Financing Activities:    
Repayments of debt (282) (254)
Proceeds from issuance of debt 285 153
Repayment of acquisition related debt (33)
Proceeds from cross currency swap 24 68
Payments of employee withholding tax on stock awards (87) (76)
Proceeds from exercise of stock options 31 57
Purchases of common stock for treasury (158) (135)
Dividends paid (744) (737)
Other, net (56) (20)
Net cash used in financing activities (1,020) (944)
Effect of exchange rates on cash 22 (1)
Net decrease in cash and cash equivalents (120) (166)
Cash and cash equivalents at beginning of period 1,768 1,779
Cash and cash equivalents at end of period $ 1,648 $ 1,613