XML 25 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net earnings (loss) $ 93 $ 1,506
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 344 378
Impairment of goodwill and other intangibles 384 0
(Gain) loss on sale and disposal of businesses 348 (105)
(Gain) loss on previously held equity interest 0 (42)
Changes in assets and liabilities:    
Accounts receivable 510 (289)
Inventories (359) (785)
Accounts payable (745) 617
Accrued advertising and promotions (114) 20
Accrued expenses and current liabilities 22 207
Taxes deferred and payable, net (10) 50
Accrued pension and postretirement benefits (81) (89)
Employee compensation (297) 10
Other 215 (184)
Cash provided by (used in) operating activities 310 1,294
Investing activities    
Capital expenditures (334) (306)
Proceeds from sale of assets and businesses 76 299
Acquisition of businesses, net of cash acquired 0 (46)
Cash held by divested businesses (75) (393)
Cash provided by (used in) investing activities (333) (446)
Financing activities    
Net proceeds from borrowings of long-term debt 300 300
Net proceeds (repayments) of long-term debt (300) (300)
Net proceeds (repayments) from short-term borrowings 0 1
Dividends paid (295) (253)
Repurchase of common stock (903) (641)
Common stock issued 3 76
Other 0 (39)
Cash provided by (used in) financing activities (1,195) (856)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (32) (51)
Increase (decrease) in cash, cash equivalents and restricted cash (1,250) (59)
Cash, cash equivalents and restricted cash at beginning of year 3,044 2,934
Cash, cash equivalents and restricted cash at end of period $ 1,794 $ 2,875