v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net income $ 685 $ 347
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 603 614
Amortization of purchased intangibles 56 60
Loss on disposal of assets, net 5 126
Share-based compensation expense 117 126
Translation loss (gain) on foreign denominated debt, net 70 (135)
Deferred tax (benefit) provision (39) 1
Translated earnings contract gain, net (30) (66)
Changes in assets and liabilities:    
Trade accounts receivable (203) (284)
Inventories (238) (89)
Other current assets (105) (16)
Accounts payable and other current liabilities (59) (52)
Customer deposits and government incentives 43 (18)
Deferred income (70) (70)
Other, net 24 73
Net cash provided by operating activities 859 617
Cash Flows from Investing Activities:    
Capital expenditures (516) (494)
Realized gains on translated earnings contracts and other 107 168
Other, net (57) (12)
Net cash used in investing activities (466) (338)
Cash Flows from Financing Activities:    
Repayments of debt (279) (42)
Proceeds from issuance of debt 285
Proceeds from cross currency swap 24 68
Payments of employee withholding tax on stock awards (70) (58)
Proceeds from exercise of stock options 12 34
Purchases of common stock for treasury (133) (105)
Dividends paid (503) (495)
Other, net (32) (14)
Net cash used in financing activities (696) (612)
Effect of exchange rates on cash 26 (27)
Net decrease in cash and cash equivalents (277) (360)
Cash and cash equivalents at beginning of period 1,768 1,779
Cash and cash equivalents at end of period $ 1,491 $ 1,419