XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operations    
Net income (loss) $ (2,606) $ 1,053
Adjustments to reconcile net income (loss) to cash flows from operations:    
Depreciation and amortization 1,069 645
Deferred income taxes (174) (98)
Stock compensation 122 93
Net periodic pension and other postretirement costs 42 77
Intangible asset impairments 332 0
Goodwill impairments 2,785 0
Loss on product divestiture arrangement 54 0
Reclassification of cumulative translation loss to earnings 65 0
Other (35) 46
Changes in balance sheet items:    
Accounts receivable, net (116) (128)
Inventories (410) (149)
Prepaid expenses and other current assets (98) (51)
Accounts payable 84 14
Accrued expenses and other current liabilities (250) 91
Other (92) (64)
Cash flows from operations 772 1,529
Cash flows from investing activities    
Capital expenditures (479) (508)
Acquisitions, net of cash acquired, and investments (206) (463)
Other investing activities, net 10 38
Cash flows from investing activities (675) (933)
Cash flows from financing activities    
Repayments of debt (953) (407)
Issuances of debt 0 50
Net increases (decreases) in debt with original maturities of three months or less 30 251
Cash dividends on common stock (427) (390)
Proceeds from stock issued under employee benefit plans 114 135
Purchases of treasury stock (32) (600)
Debt issuance costs 0 (37)
Other financing activities, net (51) (33)
Cash flows from financing activities (1,319) (1,031)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (130) (40)
Decrease in cash, cash equivalents and restricted cash (1,352) (475)
Cash, cash equivalents and restricted cash at beginning of period [1] 2,956 3,736
Cash, cash equivalents and restricted cash at end of period [1] 1,604 3,261
Cash and cash equivalents 1,601 3,258
Restricted cash included in prepaid expenses and other current assets $ 3 $ 3
[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash shown above to the amounts reported within the condensed consolidated balance sheet as of September 30, 2022, December 31, 2021, and September 30, 2021 (in millions):
September 30, 2022December 31, 2021September 30, 2021
Cash and cash equivalents$1,601 $2,951 $3,258 
Restricted cash included in prepaid expenses and other current assets3 5 3 
Cash, cash equivalents and restricted cash$1,604 $2,956 $3,261