XML 26 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings $ 1,989 $ 1,903 $ 1,613
Provision for credit losses 23 23 19
Deferred income taxes and tax uncertainties (8) (9) 8
Depreciation and amortization 237 214 205
Non-cash lease expense 84 76 70
Net losses (gains) from sales of assets and business divestitures 0 17 (14)
Stock-based compensation 62 62 48
Change in operating assets and liabilities:      
Accounts receivable (110) (98) (436)
Inventories (77) (16) (412)
Prepaid expenses and other assets (36) 101 (158)
Trade accounts payable 20 (65) 225
Operating lease liabilities (96) (88) (76)
Accrued liabilities 20 (91) 218
Income taxes – net (3) (4) 42
Other non-current liabilities 6 6 (19)
Net cash provided by operating activities 2,111 2,031 1,333
Cash flows from investing activities:      
Capital expenditures (541) (445) (256)
Proceeds from sales of assets and business divestitures 3 21 28
Other – net 18 2 (35)
Net cash used in investing activities (520) (422) (263)
Cash flows from financing activities:      
Proceeds from debt 503 7 16
Payments of debt (39) (37) (15)
Proceeds from stock options exercised 30 34 26
Payments for employee taxes withheld from stock awards (50) (37) (23)
Purchases of treasury stock (1,201) (850) (603)
Cash dividends paid (421) (392) (370)
Other – net (2) (3) (3)
Net cash used in financing activities (1,180) (1,278) (972)
Exchange rate effect on cash and cash equivalents (35) 4 (14)
Net change in cash and cash equivalents 376 335 84
Cash and cash equivalents at beginning of year 660 325 241
Cash and cash equivalents at end of period 1,036 660 325
Supplemental cash flow information:      
Cash payments for interest (net of amounts capitalized) 111 109 91
Cash payments for income taxes $ 606 $ 615 $ 479