v3.26.1
CONSOLIDATED CASH FLOW STATEMENTS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net Earnings $ 1,809 $ 1,475
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 826 852
Deferred Income Taxes 84 (1)
Other Operating Activities (71) (50)
Changes in Operating Assets and Liabilities:    
Accounts Receivable (190) (36)
Other Current Assets 15 (13)
Accounts Payable 54 14
Income and Other Taxes Payable 70 (362)
Other Current Liabilities 2 11
Net Cash Provided by Operating Activities 2,599 1,890
INVESTING ACTIVITIES    
Property Additions (1,119) (1,495)
Purchases of Short-Term Investments (515) 0
Proceeds from Sales of Short-term Investments 146 69
Proceeds and Advances from Property Dispositions 137 49
Business Acquisition, Net of Cash Acquired 0 (14)
Other Investing Activities 30 (63)
Net Cash Used In Investing Activities (1,321) (1,454)
FINANCING ACTIVITIES    
Shares Repurchased (518) (1,172)
Dividends Paid (520) (488)
Long-term Debt Repaid (Note 7) (9) (3)
Long-term Debt Issued (Note 7) 0 600
Other Financing Activities 106 81
Net Cash Used in Financing Activities (941) (982)
Net Increase (Decrease) in Cash and Cash Equivalents 337 (546)
CASH AND CASH EQUIVALENTS    
Cash and Cash Equivalents at Beginning of Period 670 933
Cash and Cash Equivalents at End of Period $ 1,007 $ 387