v3.25.2
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net income $ 1,234 $ 1,423
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,005 821
Share-based compensation 66 63
Gains on disposals from businesses and long-lived assets, net (12) (248)
Deferred tax expense 5 197
Loss (income) from equity method investments 9 (2)
Pension and other postretirement benefits net periodic benefit cost 12 18
Non-cash operating lease costs 134 151
Other items, net 2 (16)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (1,397) (1,371)
Inventories (107) (175)
Accounts payable (58) 232
Operating lease liabilities (153) (151)
Other assets (250) (107)
Other liabilities 249 (39)
Pension and other postretirement benefits contributions (20) (23)
Net cash provided by operating activities 719 773
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (1,300) (1,130)
Acquisitions, net of cash acquired (648) (2,522)
Proceeds from divestitures 37 978
Proceeds from disposal of long-lived assets 65 118
Dividends received from equity method investments 13 15
Settlements of derivatives (33) (3)
Deferred divestiture consideration received 38 55
Other investing activities, net 33 (128)
Net cash used in investing activities (1,795) (2,617)
Cash Flows from Financing Activities:    
Proceeds from debt issuances 4,542 3,370
Payments on debt (3,352) (1,691)
Settlements of derivatives 77 (3)
Payments of finance lease obligations (46) (21)
Deferred and contingent acquisition consideration paid (13) (10)
Dividends paid (500) (1,231)
Distributions to noncontrolling and redeemable noncontrolling interests (22) (22)
Transactions involving noncontrolling interests 2 0
Repurchases of common stock (644) (907)
Amounts related to employee share plans (56) 0
Net cash used in financing activities (12) (515)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash 205 (85)
Decrease in cash and cash equivalents, including restricted cash (883) (2,444)
Cash and cash equivalents and restricted cash at the beginning of period 3,759 6,390
Cash and cash equivalents and restricted cash at the end of period 2,876 3,946
Supplemental cash flow information:    
Cash paid for interest (including finance leases) 251 216
Cash paid for income taxes 304 304
Reconciliation of cash and cash equivalents and restricted cash    
Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets 2,876 3,066
Cash and cash equivalents included in Assets held for sale 0 11
Restricted cash 0 869
Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows $ 2,876 $ 3,946