XML 29 R7.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 (FOR) OPERATING ACTIVITIES:      
Net income $ 874 $ 960 $ 905
Depreciation and amortization 150 149 145
Fair value adjustment to contingent earnout obligation 0 0 (24)
Deferred income taxes 28 (32) (15)
Employee withholding taxes paid on stock-based compensation 35 29 17
Loss on disposition of businesses, net 80 0 1
Pension and other post-retirement benefits (7) (6) (3)
Impairment charges for goodwill and other intangible assets 0 15 26
Stock-based compensation 39 31 49
(Increase) decrease in receivables (39) 42 (15)
Decrease (increase) in inventories 4 233 (43)
Decrease in accounts payable and accrued liabilities, net (95) (34) (225)
Other, net 6 27 22
Net cash from operating activities 1,075 1,413 840
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:      
Purchase of Company common stock (751) (353) (914)
Excise tax paid on the purchase of Company common stock (3) 0 0
Cash dividends paid (254) (257) (258)
Purchase of redeemable noncontrolling interest (15) 0 0
Dividends paid to noncontrolling interest (37) (49) (68)
Proceeds from short-term borrowings 0 77 0
Payment of short-term borrowings 0 (77) 0
Proceeds from term loan 0 0 500
Payment of term loan 0 (200) (300)
Proceeds from the exercise of stock options 79 38 1
Employee withholding taxes paid on stock-based compensation (35) (29) (17)
Payment of debt (3) (5) (10)
Net cash for financing activities (1,017) (854) (1,066)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:      
Capital expenditures (168) (243) (224)
Acquisition of businesses, net of cash acquired (4) (136) 0
Proceeds from disposition of business, net of cash disposed 126 0 0
Other, net (4) (4) (6)
Net cash for investing activities (50) (383) (230)
Effect of exchange rate changes on cash and cash investments (9) 6 (18)
CASH AND CASH INVESTMENTS:      
(Decrease) increase for the year (1) 182 (474)
At January 1 634 452 926
At December 31 $ 634 $ 634 $ 452