v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating activities        
Net income $ 1,876 $ 1,673 $ 3,502 $ 3,314
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation 613 596 1,223 1,190
Deferred and other income taxes     (123) 43
Other operating activities, net     (43) (68)
Changes in current assets and liabilities:        
Accounts receivable, net     (21) (45)
Materials and supplies     (5) (64)
Other current assets     (49) (127)
Accounts payable and other current liabilities     (203) (13)
Income and other taxes     262 (197)
Cash provided by operating activities     4,543 4,033
Investing activities        
Capital investments     (1,842) (1,699)
Other investing activities, net     3 107
Cash used in investing activities     (1,839) (1,592)
Financing activities        
Share repurchase programs (Note 16)     (2,679) (100)
Debt issued (Note 14)     1,995 800
Dividends paid     (1,599) (1,588)
Debt repaid     (409) (1,807)
Net Issued/(paid) commercial paper (Note 14)     0 297
Other financing activities, net     43 30
Cash used in financing activities     (2,649) (2,368)
Net change in cash, cash equivalents, and restricted cash     55 73
Cash, cash equivalents, and restricted cash at beginning of year     1,028 1,074
Cash, cash equivalents, and restricted cash at end of period 1,083 1,147 1,083 1,147
Non-cash investing and financing activities:        
Capital investments accrued but not yet paid     157 173
Cash paid during the period for:        
Income taxes, net of refunds     (785) (1,146)
Interest, net of amounts capitalized     (610) (635)
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Statement of Financial Position:        
Cash and cash equivalents 1,060 1,137 1,060 1,137
Restricted cash equivalents in other current assets 18 2 18 2
Restricted cash equivalents in other assets 5 8 5 8
Total cash, cash equivalents, and restricted cash equivalents per above $ 1,083 $ 1,147 $ 1,083 $ 1,147