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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:        
Net earnings $ 693 $ 825 $ 2,119 $ 2,289
Adjustments to reconcile net earnings to net cash from operating activities:        
Depreciation, depletion and amortization 879 794 2,705 2,284
Asset impairments 0 0 254 0
Leasehold impairments 1 1 13 2
Accretion of liabilities 4 2 13 2
Total gains on commodity derivatives (80) (227) (218) (105)
Cash settlements on commodity derivatives 50 61 107 139
(Gains) losses on asset dispositions (37) 0 (342) 16
Deferred income tax expense 263 164 322 243
Share-based compensation 24 24 77 75
Other (45) 3 (62) 6
Changes in assets and liabilities, net (62) 16 189 (15)
Net cash from operating activities 1,690 1,663 5,177 4,936
Cash flows from investing activities:        
Capital expenditures (870) (877) (2,760) (2,719)
Acquisitions of property and equipment (197) (3,602) (221) (3,692)
Divestitures of property, equipment and investments 38 0 543 18
Grayson Mill acquired cash 0 147 0 147
Distributions from investments 7 13 27 35
Contributions to investments and other (2) (30) (12) (78)
Net cash from investing activities (1,024) (4,349) (2,423) (6,289)
Cash flows from financing activities:        
Borrowings of long-term debt, net of issuance costs 0 3,219 0 3,219
Repayments of long-term debt (485) (472) (485) (472)
Repurchases of common stock (250) (295) (800) (756)
Dividends paid on common stock (151) (272) (470) (794)
Contributions from noncontrolling interests 0 20 14 44
Distributions to noncontrolling interests 0 (10) (23) (36)
Repayment of finance lease 0 0 (274) 0
Acquisition of noncontrolling interests (260) 0 (260) 0
Shares exchanged for tax withholdings and other (1) 2 (25) (49)
Net cash from financing activities (1,147) 2,192 (2,323) 1,156
Effect of exchange rate changes on cash 0 1 1 (2)
Net change in cash, cash equivalents and restricted cash (481) (493) 432 (199)
Cash, cash equivalents and restricted cash at beginning of period 1,759 1,169 846 875
Cash, cash equivalents and restricted cash at end of period 1,278 676 1,278 676
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 1,229 645 1,229 645
Restricted cash 49 31 49 31
Total cash, cash equivalents and restricted cash $ 1,278 $ 676 $ 1,278 $ 676