Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities:      
Net Income $ 12,890 $ 1,343 $ 4,440
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 2,953 2,698 2,360
Pension and postretirement benefit (income) expense (2,456) 7,125 3,141
Pension and postretirement benefit contributions (576) (3,125) (2,362)
Self-insurance reserves 178 503 (185)
Deferred tax (benefit) expense 1,645 (858) 100
Stock compensation expense 878 796 915
Other (gains) losses 137 917 74
Changes in assets and liabilities, net of effect of acquisitions:      
Accounts receivable (2,147) (1,562) (717)
Other assets 312 218 698
Accounts payable 1,265 904 419
Accrued wages and withholdings (245) 1,631 (446)
Other liabilities 151 (110) 182
Other operating activities 22 (21) 20
Net cash from operating activities 15,007 10,459 8,639
Cash Flows From Investing Activities:      
Capital expenditures (4,194) (5,412) (6,380)
Proceeds from Sales of Business, Affiliate and Productive Assets 872    
Proceeds from disposal of businesses, property, plant and equipment   40 65
Purchases of marketable securities (312) (254) (561)
Sales and maturities of marketable securities 366 360 883
Net change in finance receivables 34 44 13
Cash paid for business acquisitions, net of cash and cash equivalents acquired (602) (20) (6)
Other investing activities 18 (41) (75)
Net cash used in investing activities (3,818) (5,283) (6,061)
Cash Flows From Financing Activities:      
Net change in short-term debt 0 (2,462) 310
Proceeds from long-term borrowings 0 5,003 5,205
Repayments of long-term borrowings (2,773) (3,392) (3,096)
Purchases of common stock (500) (224) (1,004)
Issuances of common stock 251 285 218
Dividends (3,437) (3,374) (3,194)
Other financing activities (364) (353) (166)
Net cash used in financing activities (6,823) (4,517) (1,727)
Effect Of Exchange Rate Changes On Cash, Cash Equivalents and Restricted Cash (21) 13 20
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 4,345 672 871
Cash And Cash Equivalents:      
Beginning of period 5,910 5,238 4,367
End of period 10,255 5,910 5,238
Cash Paid During The Period For:      
Interest (net of amount capitalized) 697 691 628
Income taxes (net of refunds) $ 1,869 $ 1,138 $ 514