v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net earnings $ 1,181 $ 1,008
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for credit losses 13 13
Deferred income taxes and tax uncertainties 31 1
Depreciation and amortization 128 125
Non-cash lease expense 40 41
Stock-based compensation 39 35
Change in operating assets and liabilities:    
Accounts receivable (510) (212)
Inventories 14 (19)
Prepaid expenses and other assets (32) (33)
Trade accounts payable 312 231
Operating lease liabilities (48) (53)
Accrued liabilities 21 (60)
Income taxes – net (4) (37)
Other non-current liabilities (2) (17)
Net cash provided by operating activities 1,183 1,023
Cash flows from investing activities:    
Capital expenditures (281) (300)
Proceeds from sale of assets 0 4
Other – net (13) 13
Net cash used in investing activities (294) (283)
Cash flows from financing activities:    
Short-term borrowings (repayments), original maturities of 90 days or less, net (125) 0
Proceeds from debt 52 63
Payments of debt (4) (503)
Proceeds from stock options exercised 8 2
Payments for employee taxes withheld from stock awards (30) (30)
Purchases of treasury stock (461) (507)
Purchases of noncontrolling interests (70) 0
Cash dividends paid (253) (225)
Other – net 9 (1)
Net cash used in financing activities (874) (1,201)
Exchange rate effect on cash and cash equivalents (11) 22
Net change in cash and cash equivalents 4 (439)
Cash and cash equivalents at beginning of year 585 1,036
Cash and cash equivalents at end of period $ 589 $ 597