v3.22.2.2
STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 8,095 $ 9,797
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 2,300 2,199
Pension and postretirement benefit (income) expense 666 (2,656)
Pension and postretirement benefit contributions (2,106) (331)
Self-insurance reserves 182 122
Deferred tax (benefit) expense 466 1,271
Stock compensation expense 850 700
Other (gains) losses (25) 33
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,022 (21)
Other assets (98) 256
Accounts payable (952) 20
Accrued wages and withholdings (59) 306
Other liabilities 481 65
Other operating activities (50) 0
Net cash from operating activities 10,772 11,761
Cash Flows From Investing Activities:    
Capital expenditures (2,278) (2,570)
Proceeds from disposal of businesses, property, plant and equipment   870
Proceeds from disposal of businesses, property, plant and equipment 12  
Purchases of marketable securities (195) (197)
Sales and maturities of marketable securities 193 257
Net change in finance receivables 23 28
Cash paid for business acquisitions, net of cash and cash equivalents acquired (106) (12)
Other investing activities (57) 24
Net cash used in investing activities (2,408) (1,600)
Cash Flows From Financing Activities:    
Net change in short-term debt 0 0
Proceeds from long-term borrowings 0 0
Repayments of long-term borrowings (1,124) (2,613)
Purchases of common stock (2,194) (500)
Issuances of common stock 198 196
Dividends (3,842) (2,578)
Other financing activities (513) (361)
Net cash used in financing activities (7,475) (5,856)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (99) (3)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 790 4,302
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 10,255 5,910
End of period $ 11,045 $ 10,212

Source