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CONSOLIDATED AND COMBINED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows – operating activities    
Net income (loss) $ 1,209 $ 1,075
Adjustments to reconcile net income (loss) to cash from (used for) operating activities    
Depreciation and amortization of property, plant, and equipment (Note 6) 446 715
Amortization of intangible assets (Note 8) 177 188
(Gains) losses on purchases and sales of business interests (66) (859)
Principal pension plans – net (Note 13) (268) (280)
Other postretirement benefit plans – net (Note 13) (167) (189)
Provision (benefit) for income taxes (Note 15) 514 310
Cash recovered (paid) during the year for income taxes (489) (299)
Changes in operating working capital:    
Decrease (increase) in current receivables 563 24
Decrease (increase) in inventories, including deferred inventory costs (1,047) (1,151)
Decrease (increase) in current contract assets (656) (234)
Increase (decrease) in accounts payable and equipment project payables 566 604
Increase (decrease) in contract liabilities and current deferred income 2,419 1,660
All other operating activities (693) 98
Cash from (used for) operating activities 2,508 1,662
Cash flows – investing activities    
Additions to property, plant, and equipment and internal-use software (606) (533)
Dispositions of property, plant, and equipment 33 16
Purchases of and contributions to equity method investments (57) (110)
Sales of and distributions from equity method investments 248 32
Proceeds from principal business dispositions 60 639
All other investing activities (58) 94
Cash from (used for) investing activities (381) 138
Cash flows – financing activities    
Net increase (decrease) in borrowings of maturities of 90 days or less 0 (23)
Transfers from (to) Parent 0 2,933
Dividends paid to stockholders (207) 0
Purchases of common stock for treasury (2,241) (40)
All other financing activities (187) 620
Cash from (used for) financing activities (2,635) 3,489
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash 250 (48)
Increase (decrease) in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale (258) 5,241
Less: Net increase (decrease) in cash classified within assets held for sale 2 (603)
Increase (decrease) in cash, cash equivalents, and restricted cash (259) 5,844
Cash, cash equivalents, and restricted cash at beginning of year 8,205 1,551
Cash, cash equivalents, and restricted cash as of September 30 $ 7,945 $ 7,395