v3.26.1
Consolidated Statement of Cash Flow - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flow from operating activities:    
Profit (loss) of consolidated and affiliated companies $ 2,548 $ 2,003
Adjustments to reconcile profit to net cash provided by operating activities:    
Depreciation and amortization 595 540
Provision (benefit) for deferred income taxes 534 (38)
Other 68 78
Changes in assets and liabilities, net of acquisitions and divestitures:    
Receivables – trade and other (801) 155
Inventories (1,501) (990)
Accounts payable 938 401
Accrued expenses (202) (198)
Accrued wages, salaries and employee benefits (1,123) (1,144)
Customer advances 1,328 713
Other assets – net (184) 69
Other liabilities – net (330) (300)
Net cash provided by (used for) operating activities 1,870 1,289
Cash flow from investing activities:    
Capital expenditures – excluding equipment leased to others (728) (710)
Expenditures for equipment leased to others (323) (208)
Proceeds from disposals of leased assets and property, plant and equipment 191 149
Additions to finance receivables (3,890) (3,209)
Collections of finance receivables 3,876 3,049
Proceeds from sale of finance receivables 13 7
Investments and acquisitions (net of cash acquired) (788) (2)
Proceeds from sale of businesses and investments (net of cash sold) 0 12
Proceeds from maturities and sale of securities 361 923
Investments in securities (467) (177)
Other – net (20) (9)
Net cash provided by (used for) investing activities (1,775) (175)
Cash flow from financing activities:    
Dividends paid (703) (674)
Common stock issued, and other stock compensation transactions, net (97) (64)
Payments to purchase common stock (5,028) (3,660)
Short-term borrowings – net (original maturities three months or less) (808) (934)
Net cash provided by (used for) financing activities (5,950) (4,496)
Effect of exchange rate changes on cash (55) 54
Increase (decrease) in cash, cash equivalents and restricted cash (5,910) (3,328)
Cash, cash equivalents and restricted cash at beginning of period 9,986 6,896
Cash, cash equivalents and restricted cash at end of period 4,076 3,568
Sales of Machinery, Power & Energy    
Cash flow from financing activities:    
Payments on debt (original maturities greater than three months): (10) (27)
Financial Products    
Cash flow from financing activities:    
Proceeds from debt issued (original maturities greater than three months): 3,908 2,633
Payments on debt (original maturities greater than three months): $ (3,212) $ (1,770)