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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net earnings $ 3,165 $ 2,358 $ 1,994
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 393 371 371
Amortization of intangible assets 635 627 619
Goodwill impairment 0 216 0
Asset impairments 36 54 264
Share-based compensation 205 168 171
Recall charges, net 18 (15) 103
Sale of inventory stepped up to fair value at acquisition 0 12 266
Deferred income tax (benefit) expense (206) 58 (237)
Changes in operating assets and liabilities:      
Accounts receivable (175) (579) (377)
Inventories (797) (762) (189)
Accounts payable 77 290 329
Accrued expenses and other liabilities 533 328 315
Recall-related payments (35) (157) (221)
Income taxes (4) (238) (98)
Other, net (134) (107) (47)
Net cash provided by operating activities 3,711 2,624 3,263 Close
Investing activities      
Acquisitions, net of cash acquired (390) (2,563) (339)
Purchases of marketable securities (52) (52) (49)
Proceeds from sales of marketable securities 54 43 55
Purchases of property, plant and equipment (575) (588) (525)
Proceeds from settlement of net investment hedges 0 197 0
Other investing, net 1 39 (1)
Net cash used in investing activities (962) (2,924) (859) Close
Financing activities      
Proceeds (payments) on short-term borrowings, net 540 (375) (7)
Proceeds from issuance of long-term debt 1,241 1,500 5
Payments on long-term debt (2,058) (653) (1,151)
Payments of dividends (1,139) (1,051) (950)
Cash paid for taxes from withheld shares (155) (122) (114)
Other financing, net (23) (48) (148)
Net cash provided by (used in) financing activities (1,594) (749) (2,365) Close
Effect of exchange rate changes on cash and cash equivalents (28) (51) (38) Close
Change in cash and cash equivalents 1,127 (1,100) 1 Close
Cash and cash equivalents at beginning of year 1,844 2,944 2,943
Cash and cash equivalents at end of year 2,971 1,844 2,944
Supplemental cash flow disclosure:      
Cash paid for income taxes, net of refunds 693 505 622
Cash paid for interest on debt $ 356 $ 324 $ 325