v3.26.1
Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Provided by (Used for) Operating Activities:    
Net income $ 1,583 $ 1,455
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 163 152
Amortization and impairment of intangible assets 34 42
Change in deferred income taxes 7 (30)
Net provision for (recoveries of) uncollectible accounts 2 3
(Income) loss from investments 1 0
(Gain) loss on sale of plant and equipment 0 2
Stock-based compensation expense 40 35
Other non-cash items, net 10 4
(Increase) decrease in-    
Trade receivables (349) (190)
Inventories (107) (30)
Prepaid expenses and other assets (1) (63)
Increase (decrease) in-    
Accounts payable 118 61
Accrued expenses and other liabilities (43) (105)
Income taxes (112) (194)
Net cash provided by operating activities 1,346 1,142
Cash Provided by (Used for) Investing Activities:    
Acquisition of businesses (excluding cash and equivalents) 0 1
Additions to plant and equipment (187) (197)
Proceeds from investments 1 5
Proceeds from sale of plant and equipment 4 7
Proceeds from sale of operations and affiliates 0 1
Other, net (2) (1)
Net cash provided by (used for) investing activities (184) (184)
Cash Provided by (Used for) Financing Activities:    
Cash dividends paid (928) (880)
Issuance of common stock 52 47
Repurchases of common stock (1,125) (750)
Net proceeds from (repayments of) debt with original maturities of three months or less 855 464
Other, net (33) (32)
Net cash provided by (used for) financing activities (1,179) (1,151)
Effect of Exchange Rate Changes on Cash and Equivalents 5 33
Cash and Equivalents:    
Increase (decrease) during the period (12) (160)
Beginning of period 851 948
End of period 839 788
Supplementary Cash Flow Information:    
Cash Paid During the Period for Interest 189 181
Cash Paid During the Period for Income Taxes, Net of Refunds $ 568 $ 662