v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows – operating activities    
Net income (loss) $ 5,398 $ 756
Adjustments to reconcile net income (loss) to cash from (used for) operating activities    
Depreciation and amortization of property, plant, and equipment (Note 6) 348 294
Amortization of intangible assets (Note 8) 411 116
(Gains) losses on purchases and sales of business interests (4,428) (22)
Principal pension plans – net (Note 13) (696) (179)
Other postretirement benefit plans – net (Note 13) (122) (110)
Provision (benefit) for income taxes (Note 16) 630 221
Cash recovered (paid) during the year for income taxes (1,258) (363)
Changes in operating working capital:    
Decrease (increase) in current receivables (843) 1,031
Decrease (increase) in inventories, including deferred inventory costs (1,744) (883)
Decrease (increase) in current contract assets (358) (647)
Increase (decrease) in accounts payable and equipment project payables 949 207
Increase (decrease) in contract liabilities and current deferred income 13,695 1,860
All other operating activities (1,302) (754)
Cash from (used for) operating activities 10,680 1,528
Cash flows – investing activities    
Additions to property, plant, and equipment and internal-use software (783) (359)
Dispositions of property, plant, and equipment 201 34
Purchases of and contributions to equity method investments (20) (30)
Sales of and distributions from equity method investments 78 91
Net cash paid for principal businesses purchased (4,885) (45)
Proceeds from principal business dispositions 594 1
All other investing activities 753 94
Cash from (used for) investing activities (4,062) (214)
Cash flows – financing activities    
Newly issued debt (maturities longer than 90 days) 2,567 0
Dividends paid to stockholders (273) (139)
Purchases of common stock for treasury (3,671) (1,581)
All other financing activities (925) (142)
Cash from (used for) financing activities (2,301) (1,861)
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash (46) 235
Increase (decrease) in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale 4,271 (312)
Less: Net increase (decrease) in cash classified within assets held for sale (2) 0
Increase (decrease) in cash, cash equivalents, and restricted cash 4,273 (312)
Cash, cash equivalents, and restricted cash at beginning of year 8,848 8,205
Cash, cash equivalents, and restricted cash as of June 30 $ 13,120 $ 7,892