Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

v3.24.3
STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net Income $ 4,061 $ 5,103
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 2,690 2,499
Pension and postretirement benefit expense 774 729
Pension and postretirement benefit contributions (1,434) (1,363)
Self-insurance reserves 14 81
Deferred tax (benefit) expense 24 327
Stock compensation (benefit) expense (21) 186
Other (gains) losses 61 89
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,395 2,880
Other assets 116 (252)
Accounts payable (829) (2,058)
Accrued wages and withholdings 348 (155)
Other liabilities (335) (157)
Other operating activities (57) (82)
Net cash from operating activities 6,807 7,827
Cash Flows From Investing Activities:    
Capital expenditures (2,811) (3,109)
Proceeds from disposal of businesses, property, plant and equipment 1,070 167
Purchases of marketable securities (52) (3,347)
Sales and maturities of marketable securities 2,725 2,397
Acquisitions, net of cash acquired (66) (39)
Other investing activities (26) 2
Net cash (used in) from investing activities 840 (3,929)
Cash Flows From Financing Activities:    
Net change in short-term debt (1,272) 415
Proceeds from long-term borrowings 2,785 2,546
Repayments of long-term borrowings (1,944) (1,625)
Purchases of common stock (500) (2,250)
Issuances of common stock 184 190
Dividends (4,049) (4,034)
Other financing activities (207) (427)
Net cash (used in) from financing activities (5,003) (5,185)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 5 (4)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 2,649 (1,291)
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 3,206 5,602
End of period $ 5,855 $ 4,311