v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Profit of the period $ 7,061 $ 4,568
Depreciation, amortization and impairment 2,757 2,581
Net finance (income)/expense 74 1,678
Equity-settled share-based payment expense 270 309
Income tax expense 1,704 1,404
Share of results of associates (148) (144)
Other non-cash items (199) (93)
Cash flow from operating activities before changes in working capital and use of provisions 11,520 10,304
Decrease/(increase) in trade and other receivables (1,077) (1,130)
Decrease/(increase) in inventories (370) (242)
Increase/(decrease) in trade and other payables (909) (2,284)
Pension contributions and use of provisions (158) (278)
Cash generated from operations 9,007 6,370
Interest paid (1,910) (1,916)
Interest received 243 241
Dividends received 101 135
Income tax paid (2,200) (2,126)
Cash flow from/(used in) operating activities 5,241 2,704
INVESTING ACTIVITIES    
Acquisition of property, plant and equipment and of intangible assets (1,406) (1,404)
Proceeds from sale of property, plant and equipment and of intangible assets 46 55
 Sale/(acquisition) and others related to subsidiaries, net of cash (757) (4)
Proceeds from sale/(acquisition) of other assets 310 47
Cash flow from/(used in) investing activities (1,807) (1,306)
FINANCING ACTIVITIES    
Proceeds from borrowings 555 4,067
Repayments of borrowings (309) (3,998)
Dividends paid (2,596) (3,147)
Share buyback (1,301) (1,901)
Payment of lease liabilities (364) (354)
Derivative financial instruments (319) 114
Sale/(acquisition) of non-controlling interests (3,389) (314)
Other financing cash flows 219 (303)
Cash flow from/(used in) financing activities (7,505) (5,837)
Net increase/(decrease) in cash and cash equivalents (4,071) (4,438)
Cash and cash equivalents less bank overdrafts at beginning of year 11,623 11,174
Effect of exchange rate fluctuations 76 410
Cash and cash equivalents less bank overdrafts at end of period $ 7,629 $ 7,146