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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net earnings $ 500 $ 497
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for credit losses 7 6
Deferred income taxes and tax uncertainties (4) (2)
Depreciation and amortization 61 56
Non-cash lease expense 20 21
Stock-based compensation 12 11
Change in operating assets and liabilities:    
Accounts receivable (128) (163)
Inventories 6 76
Prepaid expenses and other assets (19) (85)
Trade accounts payable 154 202
Operating lease liabilities (25) (23)
Accrued liabilities (42) (35)
Income taxes – net 106 107
Other non-current liabilities (2) (7)
Net cash provided by operating activities 646 661
Cash flows from investing activities:    
Capital expenditures (125) (119)
Proceeds from sale of assets 0 1
Net cash used in investing activities (125) (118)
Cash flows from financing activities:    
Proceeds from debt 1 1
Payments of debt (502) (17)
Proceeds from stock options exercised 2 9
Payments for employee taxes withheld from stock awards (3) (10)
Purchases of treasury stock (281) (268)
Cash dividends paid (115) (105)
Other – net 0 (1)
Net cash used in financing activities (898) (391)
Exchange rate effect on cash and cash equivalents 7 (8)
Net change in cash and cash equivalents (370) 144
Cash and cash equivalents at beginning of year 1,036 660
Cash and cash equivalents at end of period $ 666 $ 804