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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net earnings $ 1,216 $ 813
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for credit losses 13 12
Deferred income taxes and tax uncertainties 20 (7)
Depreciation and amortization 159 137
Net losses (gains) from sale or redemption of assets 1 (3)
Stock-based compensation 38 33
Change in operating assets and liabilities:    
Accounts receivable (487) (298)
Inventories (253) (64)
Prepaid expenses and other assets (39) (1)
Trade accounts payable 261 167
Accrued liabilities 51 (13)
Income taxes – net 8 (42)
Other non-current liabilities (15) (10)
Net cash provided by operating activities 973 724
Cash flows from investing activities:    
Additions to property, buildings, equipment and intangibles (208) (197)
Proceeds from sale or redemption of assets 7 17
Other – net (11) 0
Net cash used in investing activities (212) (180)
Cash flows from financing activities:    
Borrowings under lines of credit 1 0
Payments of long-term debt 0 (8)
Proceeds from stock options exercised 21 31
Payments for employee taxes withheld from stock awards (22) (29)
Purchases of treasury stock (383) (525)
Cash dividends paid (285) (261)
Other – net 0 2
Net cash used in financing activities (668) (790)
Exchange rate effect on cash and cash equivalents (19) (11)
Net change in cash and cash equivalents 74 (257)
Cash and cash equivalents at beginning of year 241 585
Cash and cash equivalents at end of period $ 315 $ 328