v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income including noncontrolling interests $ 1,401 $ 1,499
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 311 299
ERISA litigation matter 0 65
Restructuring and termination benefits, net of cash 232 (13)
Stock-based compensation expense 78 55
Deferred income taxes (15) (17)
Cash effects of changes in:    
Receivables (274) (152)
Inventories (110) 3
Accounts payable and other working capital 124 (248)
Other non-current assets 47 31
Other non-current liabilities (52) (38)
Net cash provided by (used in) operations 1,742 1,484
Investing Activities    
Capital expenditures (266) (232)
Purchases of marketable securities and investments (124) (384)
Proceeds from sale of marketable securities and investments 150 350
Payment for acquisition, net of cash acquired 0 (293)
Other investing activities (4) (1)
Net cash provided by (used in) investing activities (244) (560)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 1,053 (30)
Principal payments of debt (1,086) (139)
Proceeds from issuance of debt 0 497
Dividends paid (879) (880)
Purchases of treasury shares (597) (516)
Proceeds from exercise of stock options 138 65
Other financing activities (43) 136
Net cash provided by (used in) financing activities (1,414) (867)
Effect of exchange rate changes on Cash and cash equivalents (2) 62
Net increase (decrease) in Cash and cash equivalents 82 119
Cash and cash equivalents at beginning of the period 1,288 1,096
Cash and cash equivalents at end of the period 1,370 1,215
Supplemental Cash Flow Information    
Income taxes paid 459 530
Interest paid $ 127 $ 137