v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 1,120 $ 1,044
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 579 566
Change in fair value of equity securities 21 (71)
Stock-based compensation cost 102 101
(Benefit) provision for deferred income taxes (17) 33
Changes in operating assets and liabilities:    
Current receivables 532 (5)
Inventories (92) (124)
Accounts payable (153) 227
Progress collections and deferred income (258) 17
Contract and other deferred assets 69 (151)
Other operating items, net (684) (505)
Net cash flows provided by operating activities 1,219 1,132
Cash flows from investing activities:    
Expenditures for capital assets (601) (625)
Proceeds from disposal of assets 74 101
Other investing items, net (69) (6)
Net cash flows used in investing activities (596) (530)
Cash flows from financing activities:    
Repayment of long-term debt 0 (125)
Dividends paid (456) (419)
Repurchase of Class A common stock (384) (324)
Other financing items, net (105) (61)
Net cash flows used in financing activities (945) (929)
Effect of currency exchange rate changes on cash and cash equivalents 45 (35)
Decrease in cash and cash equivalents (277) (362)
Cash and cash equivalents, beginning of period 3,364 2,646
Cash and cash equivalents, end of period 3,087 2,284
Supplemental cash flows disclosures:    
Income taxes paid, net of refunds 418 336
Interest paid $ 148 $ 150