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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income including noncontrolling interests $ 1,469 $ 1,423
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 274 266
Restructuring and termination benefits, net of cash (15) (35)
Stock-based compensation expense 58 32
Deferred income taxes (65) (147)
Cash effects of changes in:    
Receivables (188) 121
Inventories (39) (176)
Accounts payable and other accruals (254) 347
Other non-current assets and liabilities (15) (37)
Net cash provided by (used in) operations 1,225 1,794
Investing Activities    
Capital expenditures (237) (159)
Purchases of marketable securities and investments (80) (48)
Proceeds from sale of marketable securities and investments 46 42
Payment for acquisitions, net of cash acquired 0 (352)
Other investing activities (18) 0
Net cash provided by (used in) investing activities (289) (517)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 451  
Short-term borrowing (repayment) less than 90 days, net   (493)
Proceeds from issuance of debt 25 0
Dividends paid (796) (784)
Purchases of treasury shares (713) (228)
Proceeds from exercise of stock options 151 353
Other financing activities (2) 11
Net cash provided by (used in) financing activities (884) (1,141)
Effect of exchange rate changes on Cash and cash equivalents (3) (22)
Net increase (decrease) in Cash and cash equivalents 49 114
Cash and cash equivalents at beginning of the period 888 883
Cash and cash equivalents at end of the period 937 997
Supplemental Cash Flow Information    
Income taxes paid $ 542 $ 349