v3.26.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net income $ 4,406 $ 3,350
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 2,150 2,128
Deferred income tax (benefit) provision (30) 121
Stock compensation cost 296 224
Net periodic pension and other postretirement income (616) (636)
Share-based 401(k) matching contributions 339 307
Change in:    
Accounts receivable 1,094 (1,137)
Contract assets (1,942) (1,190)
Inventory (1,143) (1,197)
Other current assets (422) (100)
Accounts payable and accrued liabilities 947 (141)
Contract liabilities 292 343
Other operating activities, net 31 (309)
Net cash flows provided by operating activities 5,402 1,763
Investing Activities:    
Capital expenditures (1,215) (1,043)
Increase in other intangible assets (156) (226)
Receipts from settlements of derivative contracts, net 1 145
Other investing activities, net (182) (63)
Net cash flows used in investing activities (1,552) (1,187)
Financing Activities:    
Repayment of long-term debt (524) (789)
Change in commercial paper, net (Note 9) 0 1,432
Dividends paid (1,898) (1,750)
Repurchase of common stock 0 (50)
Other financing activities, net (487) (252)
Net cash flows used in financing activities (2,909) (1,409)
Effect of foreign exchange rate changes on cash and cash equivalents (19) 54
Net increase (decrease) in cash, cash equivalents, and restricted cash 922 (779)
Cash, cash equivalents, and restricted cash, beginning of period 7,470 5,606
Cash, cash equivalents, and restricted cash, end of period 8,392 4,827
Less: Restricted cash, included in Other assets, current and Other assets 87 45
Cash and cash equivalents, end of period $ 8,305 $ 4,782