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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income including noncontrolling interests $ 728 $ 748
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 137 133
Restructuring and termination benefits, net of cash (13) (30)
Stock-based compensation expense 38 16
Deferred income taxes 6 (99)
Cash effects of changes in:    
Receivables (170) (211)
Inventories (40) 29
Accounts payable and other accruals (75) 220
Other non-current assets and liabilities (13) (38)
Net cash provided by (used in) operations 598 768
Investing Activities    
Capital expenditures (107) (82)
Purchases of marketable securities and investments (29) (42)
Proceeds from sale of marketable securities and investments 0 16
Payment for acquisitions, net of cash acquired 0 (351)
Other investing activities (6) 0
Net cash provided by (used in) investing activities (142) (459)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 365 17
Proceeds from issuance of debt 25 0
Dividends paid (376) (373)
Purchases of treasury shares (372) (220)
Proceeds from exercise of stock options 30 297
Other financing activities (6) (29)
Net cash provided by (used in) financing activities (334) (308)
Effect of exchange rate changes on Cash and cash equivalents (15) (30)
Net increase (decrease) in Cash and cash equivalents 107 (29)
Cash and cash equivalents at beginning of the period 888 883
Cash and cash equivalents at end of the period 995 854
Supplemental Cash Flow Information    
Income taxes paid $ 227 $ 128