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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net earnings $ 1,256 $ 2,390
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 427 431
Deferred income taxes (53) 0
Stock-based compensation expense 19 22
Loss on debt extinguishment 0 8
Unrealized net gain on natural gas derivatives (72) (50)
U.K. long-lived and intangible asset impairment 0 152
Gain on sale of emission credits (36) (3)
Gain (Loss) on Disposition of Property Plant Equipment 1 0
Undistributed earnings of affiliate—net of taxes 0 (3)
Changes in:    
Accounts receivable—net 198 (239)
Inventories 140 (99)
Accrued and prepaid income taxes 166 12
Accounts payable and accrued expenses (138) 223
Customer advances (220) (628)
Other—net (29) 64
Net cash provided by operating activities 1,659 2,280
Investing Activities:    
Additions to property, plant and equipment (164) (129)
Proceeds from sale of property, plant and equipment 1 1
Distributions received from unconsolidated affiliate 0 4
Purchase of investments held in nonqualified employee benefit trust 0 (1)
Proceeds from sale of investments held in nonqualified employee benefit trust 0 1
Purchase of emission credits 0 (9)
Proceeds from sale of emission credits 36 12
Net cash used in investing activities (127) (121)
Financing Activities:    
Repayments of Long-term Debt 0 (507)
Payments of Financing Costs 0 (4)
Dividends paid (158) (147)
Distributions to noncontrolling interest (255) (247)
Purchases of treasury stock (205) (577)
Proceeds from issuances of common stock under employee stock plans 1 101
Shares withheld for taxes (22) (23)
Net cash provided by (used in) financing activities (639) (1,404)
Effect of exchange rate changes on cash and cash equivalents 3 (13)
Increase in cash and cash equivalents 896 742
Cash and cash equivalents at beginning of period 2,323 1,628
Cash and cash equivalents at end of period $ 3,219 $ 2,370