v3.22.1
STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net income $ 2,662 $ 4,792
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 764 722
Pension and postretirement benefit (income) expense 201 (3,024)
Pension and postretirement benefit contributions (45) (215)
Self-insurance reserves (45) 4
Deferred tax (benefit) expense 209 942
Stock compensation expense 386 315
Other (gains) losses 44 57
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,227 435
Other assets 7 363
Accounts payable (743) (261)
Accrued wages and withholdings (343) 199
Other liabilities 173 180
Other operating activities (17) 22
Net cash from operating activities 4,480 4,531
Cash Flows From Investing Activities:    
Capital expenditures (548) (834)
Proceeds from disposal of businesses, property, plant and equipment 0 10
Purchases of marketable securities (68) (78)
Sales and maturities of marketable securities 60 134
Net change in finance receivables 5 11
Cash paid for business acquisitions, net of cash and cash equivalents acquired 1 (3)
Other investing activities (22) (6)
Net cash used in investing activities (572) (766)
Cash Flows From Financing Activities:    
Net change in short-term debt 0 697
Proceeds from long-term borrowings 0 0
Repayments of long-term borrowings (18) (1,528)
Purchases of common stock (254) 0
Issuances of common stock 67 78
Dividends (1,284) (858)
Other financing activities (481) (334)
Net cash used in financing activities (1,970) (1,945)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 15 1
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1,953 1,821
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 10,255 5,910
End of period $ 12,208 $ 7,731

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