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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES    
Net income $ 467 $ 740
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,094 952
Amortization of intangible assets 96 97
Share-based compensation 143 120
Finance income (152) (105)
Finance expense 111 101
Deferred income taxes, net 66 42
Gain on disposal of property, plant and equipment and other (63) (27)
Change in assets and liabilities, net of acquisitions:    
Receivables, prepayments, other assets and other non-current assets 83 (140)
Inventories (316) (170)
Current and non-current trade and other payables (295) (173)
Adjustments for increase (decrease) in changes in assets and liabilities (528) (483)
Interest received 126 86
Interest paid (78) (77)
Income taxes paid (17) (5)
Net cash provided by operating activities 1,265 1,441
INVESTING ACTIVITIES    
Acquisitions, net of cash acquired (69) 0
Purchases of property, plant and equipment, net (391) (1,499)
Purchase of intangible assets (99) (77)
Proceeds from sale of a business 0 238
Purchases of marketable securities (1,527) (1,121)
Proceeds from sale of marketable securities 54 7
Proceeds from maturities of marketable securities 963 644
Other investing activities 36 21
Net cash used in investing activities (1,033) (1,787)
FINANCING ACTIVITIES    
Net proceeds from borrowings 29 46
Repayments of debt and lease obligations (183) (218)
Proceeds from issuance of equity instruments and other 21 47
Purchase of treasury stock (200) 0
Net cash used in financing activities (333) (125)
Effect of exchange rate changes on cash and cash equivalents 0 (1)
Net decrease in cash and cash equivalents (101) (472)
Cash and cash equivalents at the beginning of the period 2,387 2,352
Cash and cash equivalents at the end of the period $ 2,286 $ 1,880