v3.26.1
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 1,331 $ 1,234
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 1,124 1,005
Loss on impairments 48 0
Share-based compensation 73 66
Gain on disposals from businesses and long-lived assets, net (334) (12)
Deferred tax expense 31 5
Loss from equity method investments 2 9
Pension and other postretirement benefits net periodic benefit cost 0 12
Non-cash operating lease costs 164 134
Other items, net 6 2
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (1,824) (1,397)
Inventories (140) (107)
Accounts payable 248 (58)
Operating lease liabilities (167) (153)
Other assets (55) (250)
Other liabilities 23 249
Pension and other postretirement benefits contributions (21) (20)
Dividends received from equity method investments 4 0
Net cash used in operating activities 513 719
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment, and intangibles (1,240) (1,300)
Acquisitions, net of cash acquired (1,110) (648)
Proceeds from divestitures 1,676 37
Proceeds from disposal of long-lived assets 96 65
Distributions received from equity method investments 0 13
Settlements of derivatives (33) (33)
Deferred divestiture consideration received 0 38
Other investing activities, net 23 33
Net cash used in investing activities (588) (1,795)
Cash Flows from Financing Activities:    
Proceeds from debt issuances 1,552 4,542
Payments on debt (1,129) (3,352)
Settlements of derivatives (40) 77
Payments of finance lease obligations (73) (46)
Deferred and contingent acquisition consideration paid (18) (13)
Dividends paid (521) (500)
Distributions to noncontrolling and redeemable noncontrolling interests (23) (22)
Transactions involving noncontrolling interests (24) 2
Repurchases of common stock (607) (644)
Amounts related to employee share plans (66) (56)
Net cash used in financing activities (949) (12)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (40) 205
Decrease in cash and cash equivalents, including restricted cash (1,064) (883)
Cash and cash equivalents and restricted cash at the beginning of period 4,147 3,759
Cash and cash equivalents and restricted cash at the end of period 3,083 2,876
Supplemental cash flow information:    
Cash paid for interest (including finance leases) 335 251
Cash paid for income taxes 404 304
Reconciliation of cash and cash equivalents and restricted cash    
Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets 3,025 2,876
Restricted cash presented in the Condensed Consolidated Balance Sheets 58 0
Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows $ 3,083 $ 2,876