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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows – operating activities:    
Net loss $ (1,794) $ (574)
Non-cash items –     
Share-based plans expense 208 381
Treasury shares issued for 401(k) contribution 953 862
Depreciation and amortization 883 913
Investment/asset impairment charges, net 34 12
Gain on dispositions, net (5) (1)
Other charges and credits, net (34) 30
Changes in assets and liabilities –     
Accounts receivable (522) (433)
Unbilled receivables (1,345) (721)
Advances and progress billings 1,886 2,228
Inventories (5,937) (241)
Other current assets (320) 313
Accounts payable (222) 852
Accrued liabilities (443) (399)
Income taxes receivable, payable and deferred (188) (424)
Other long-term liabilities (148) (180)
Pension and other postretirement plans (491) (520)
Financing receivables and operating lease equipment, net 149 419
Other 51 40
Net cash (used)/provided by operating activities (7,285) 2,557
Cash flows – investing activities:    
Payments to acquire property, plant and equipment (971) (764)
Proceeds from disposals of property, plant and equipment 30 13
Acquisitions, net of cash acquired (50)
Contributions to investments (1,617) (9,496)
Proceeds from investments 3,173 5,567
Supplier notes receivable (486) (162)
Purchase of distribution rights (88)
Other (17) 4
Net cash used by investing activities (26) (4,838) CloseClose
Cash flows – financing activities:    
New borrowings 10,089 38
Debt repayments (4,481) (5,123)
Stock options exercised 44
Employee taxes on certain share-based payment arrangements (67) (48)
Other (3) (4)
Net cash provided/(used) by financing activities 5,538 (5,093) CloseClose
Effect of exchange rate changes on cash and cash equivalents (25) 2 CloseClose
Net decrease in cash & cash equivalents, including restricted (1,798) (7,372) CloseClose
Cash & cash equivalents, including restricted, at beginning of year 12,713 14,647
Cash & cash equivalents, including restricted, at end of period 10,915 7,275
Less restricted cash & cash equivalents, included in Investments 21 21
Cash and cash equivalents at end of period $ 10,894 $ 7,254