XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net earnings $ 788 $ 592
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 107 96
Amortization of intangible assets 153 161
Asset impairments 3 2
Share-based compensation 87 74
Changes in operating assets and liabilities:    
Accounts receivable 258 365
Inventories (184) (314)
Accounts payable (257) (56)
Accrued expenses and other liabilities (635) (419)
Income taxes 76 26
Other, net (153) (79)
Net cash provided by operating activities 204 445 Close
Investing activities    
Acquisitions, net of cash acquired (246) 0
Purchases of marketable securities (18) (28)
Proceeds from sales of marketable securities 23 25
Purchases of property, plant and equipment (167) (130)
Other investing, net 0 1
Net cash used in investing activities (408) (132) Close
Financing activities    
Proceeds (payments) on short-term borrowings, net (1) (2)
Payments on long-term debt 0 (100)
Payments of dividends (304) (284)
Cash paid for taxes from withheld shares (113) (94)
Other financing, net 0 (1)
Net cash provided by (used in) financing activities (418) (481) Close
Effect of exchange rate changes on cash and cash equivalents (19) (5) Close
Change in cash and cash equivalents (641) (173) Close
Cash and cash equivalents at beginning of period 2,971 1,844
Cash and cash equivalents at end of period 2,330 1,671
Deferred Income Tax Expense (Benefit) $ (39) $ (3)