v3.26.1
Consolidated Cash Flow Statement - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Activities        
Net income $ 350 $ 512 $ 1,025 $ 1,085
Depreciation and amortization     360 440
Stock-based compensation     64 73
Deferred income taxes     (83) (30)
Net (gains) losses on asset and business dispositions     (7) 36
Equity companies' earnings (in excess of) less than dividends paid     (65) (50)
Operating working capital     399 (471)
Postretirement benefits     (2) 9
Other     (38) 5
Cash Provided by Operations     1,653 1,097
Effect of Exchange Rate Changes on Cash and Cash Equivalents     (4) 34
Change in Cash and Cash Equivalents     662 (364)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation 956 634 956 634
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Discontinued Operation [1] 407 23 407 23
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation 1,363 657 1,363 657
Investing Activities        
Capital spending     (776) (401)
Proceeds from asset and business dispositions     28 12
Investments in time deposits     (166) (227)
Maturities of time deposits     132 282
Other     17 22
Cash Used for Investing     (765) (312)
Financing Activities        
Cash dividends paid     (843) (824)
Change in short-term debt     (252) 51
Debt proceeds     1,329 0
Debt repayments     (400) (250)
Proceeds from exercise of stock options     0 36
Repurchases of common stock     0 (120)
Cash dividends paid to noncontrolling interests     (15) (18)
Other     (41) (58)
Cash Used for Financing     (222) (1,183)
Effect of Exchange Rate Changes on Cash and Cash Equivalents     (4) 34
Change in Cash and Cash Equivalents     662 (364)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation 956 634 956 634
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Discontinued Operation [1] 407 23 407 23
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation 1,363 657 1,363 657
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation, Ending Balance 1,363 657 1,363 657
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Discontinued Operation [1] 407 23 407 23
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation $ 956 $ 634 $ 956 $ 634
[1]
(a)    Included in Current assets of discontinued operations.