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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income $ 617 $ 564
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 201 191
Amortization 231 229
Share-based compensation 37 43
Restructuring and asset impairment charges 70 37
Loss on sale of businesses (47) (6)
Other, net 3 (4)
Payments for restructuring (48) (24)
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables (113) (101)
Changes in inventories (30) (88)
Changes in accounts payable (45) (31)
Changes in accrued and deferred taxes (12) (11)
Other, net (260) (123)
Net Cash – Operating activities 698 688
Investing Activities    
Capital expenditures (248) (221)
Acquisitions of businesses, net of cash acquired (113) (5)
Proceeds from sale of businesses, net of cash disposed 48 11
Proceeds from the sale of property, plant and equipment 15 3
Cash received from investments 5 5
Cash paid for investments (26) (8)
Cash paid for equity investments (5) (4)
Cash paid for asset acquisition (37) 0
Cash received from cross-currency swaps 31 25
Other, net 1 1
Net Cash – Investing activities (329) (193)
Financing Activities    
Short-term debt issued, net 1 0
Short-term debt repaid 0 (268)
Long-term debt repaid (60) (13)
Repurchase of common stock (14) (19)
Proceeds from exercise of employee stock options 11 66
Dividends paid (293) (263)
Other, net (27) (23)
Net Cash – Financing activities (382) (520)
Effect of exchange rate changes on cash 83 (5)
Increase in cash classified within assets held for sale 11 0
Decrease in cash classified within assets held for sale (11) 0
Changes in cash classified within assets held for sale 0 0
Net change in cash and cash equivalents 70 (30)
Cash and cash equivalents at beginning of year 1,121 1,019
Cash and cash equivalents at end of period 1,191 989
Cash paid during the period for:    
Interest 43 49
Income taxes (net of refunds received) $ 208 $ 160