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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Operating Activities      
Net income before allocation to noncontrolling interests $ 599 $ 551  
Adjustments to reconcile net income before noncontrolling interests to net cash provided by operating activities:      
Depreciation and amortization expense [1],[2] 126 120  
Share-based compensation expense 18 9  
Asset write-offs and asset impairments 2 1  
Provision for losses on inventory 17 16  
Deferred taxes (43) 8  
Other changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable (12) 27  
Inventories (98) (235)  
Other assets (9) (24)  
Accounts payable (3) 22  
Other liabilities (125) (63)  
Other tax accounts, net 126 118  
Net cash provided by operating activities 595 549   Close
Investing Activities      
Capital expenditures (140) (223)  
Acquisitions, net of cash acquired 0 (7)  
Purchase of investments (1) (1)  
Proceeds from derivative instrument activity, net 10 13  
Net proceeds from sale of assets 1 2  
Payments for (Proceeds from) Other Investing Activities (1) 0  
Net cash used in investing activities (131) (216)   Close
Financing Activities      
Increase in short-term borrowings, net 21 1  
Principal payments on long-term debt 0 (1,350)  
Share-based compensation-related proceeds, net of taxes paid on withholding shares (8) 4  
Purchases of treasury stock (339) (283)  
Cash dividends paid (198) (174)  
Net cash used in financing activities (524) (1,802)   Close
Effect of exchange-rate changes on cash and cash equivalents (6) (3)   Close
Net decrease in cash and cash equivalents (66) (1,472)   Close
Cash and cash equivalents at beginning of period 2,041 3,581 $ 3,581
Cash and cash equivalents at end of period 1,975 2,109 2,041
Dividends declared, not paid 198   $ 174
Cash paid during the period for:      
Income taxes 59 20  
Interest, net of capitalized interest 68 89  
Amounts included in the measurement of lease liabilities: 15 14  
Non-cash transactions:      
Capital expenditures 3 3  
Excise tax accrued on net share repurchases, not paid 3 2  
Lease obligations obtained in exchange for right-of-use assets - operating 8 13  
Other Noncash Income (Expense) $ 3 $ 1  
[1] Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.
[2] Defined as income before provision for taxes on income.