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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net earnings $ 487 $ 455
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 416 429
Asset impairment charges 5 145
Early debt extinguishment costs 0 1
Loss on business held for sale 555 0
Provision for (benefit from) deferred income taxes (66) (14)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (439) (90)
(Increase) decrease in inventories (369) 316
Increase (decrease) in trade payables 377 (213)
Pension and other postretirement contributions (in excess of) less than expenses (142) (108)
Variable compensation (in excess of) less than expenses 90 25
Other items, net 275 103
Net cash provided by operating activities 1,189 1,049
Investing activities    
Additions to properties and equipment (315) (278)
Acquisitions, net of cash acquired (111) 0
Additions to capitalized software (18) 0
Other items, net (3) (4)
Net cash used in investing activities (447) (282)
Financing activities    
Net increase (decrease) in commercial paper and other borrowings (50) 14
Proceeds from borrowings 0 249
Repayment of borrowings 0 (250)
Dividends paid to stockholders (282) (269)
Treasury stock purchases (290) (60)
Proceeds from stock option exercises and other items, net 38 (6)
Net cash used in financing activities (584) (322)
Effect of exchange rate changes on cash and cash equivalents (5) 1
Net change in cash and cash equivalents 153 446
Cash and cash equivalents at beginning of period 564 204
Cash and cash equivalents at end of period $ 717 $ 650