v3.26.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 14,491 $ 8,420
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and amortization 1,043 941
Change in deferred income taxes (433) (1,460)
Stock-based compensation expense 362 339
Acquired in-process research and development 3,360 1,726
Other changes in operating assets and liabilities, net of acquisitions and divestitures (2,334) (5,627)
Other operating activities, net (466) 414
Net Cash Provided by Operating Activities 16,023 4,753
Cash Flows from Investing Activities    
Purchases of property and equipment (5,259) (3,207)
Purchases of noncurrent investments (604) (368)
Purchases of in-process research and development (3,486) (1,864)
Cash paid for acquisitions, net of cash acquired (9,805) 0
Other investing activities, net (158) 252
Net Cash Used for Investing Activities (19,312) (5,187)
Cash Flows from Financing Activities    
Dividends paid (3,094) (2,693)
Net change in short-term borrowings 5,284 (246)
Proceeds from issuance of long-term debt 8,941 6,461
Repayments of long-term debt (1,623) (778)
Purchases of common stock (3,957) (1,892)
Other financing activities, net (595) (717)
Net Cash Provided by Financing Activities 4,956 135
Effect of exchange rate changes on cash and cash equivalents 15 407
Net increase in cash and cash equivalents 1,682 108
Cash and cash equivalents at January 1 7,268 3,268
Cash and Cash Equivalents at June 30 $ 8,950 $ 3,376