v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Consolidated net earnings $ 1,764 $ 444
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:    
Depreciation, depletion and amortization 371 321
Stock-based compensation expense 41 37
Gain on divestitures and sales of assets (1,977) (15)
Deferred income taxes, net 278 9
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (269) (226)
Inventories, net 61 (42)
Accounts payable 55 48
Other assets and liabilities, net 25 35
Other items, net (10) (6)
Net Cash Provided by Operating Activities 339 605
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (314) (412)
Acquisitions, net of cash acquired (733) 0
Proceeds from divestitures and sales of assets 469 18
Investments in life insurance contracts, net 10 1
Investments in limited liability company 0 (44)
Other investing activities, net 0 (15)
Net Cash Used for Investing Activities (568) (452)
Cash Flows from Financing Activities:    
Proceeds from borrowings 1,085 0
Repayments of debt (460) 0
Payments on finance lease obligations (10) (12)
Dividends paid (102) (97)
Repurchases of common stock (200) (450)
Shares withheld for employees' income tax obligations (27) (29)
Other financing activities, net (4) 1
Net Cash Provided by (Used for) Financing Activities 282 (587)
Net Increase (Decrease) in Cash and Cash Equivalents 53 (434)
Cash and Cash Equivalents, beginning of period 67 670
Cash and Cash Equivalents, end of period $ 120 $ 236