Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

v3.22.2
STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 5,511 $ 7,468
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,526 1,461
Pension and postretirement benefit (income) expense 433 (2,839)
Pension and postretirement benefit contributions (123) (276)
Self-insurance reserves 112 130
Deferred tax (benefit) expense 360 1,127
Stock compensation expense 617 521
Other (gains) losses 11 0
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 820 439
Other assets (62) 169
Accounts payable (508) 56
Accrued wages and withholdings (348) 227
Other liabilities 22 (27)
Other operating activities (78) (2)
Net cash from operating activities 8,293 8,454
Cash Flows From Investing Activities:    
Capital expenditures (1,388) (1,670)
Proceeds from disposal of businesses, property, plant and equipment   863
Proceeds from disposal of businesses, property, plant and equipment 9  
Purchases of marketable securities (132) (141)
Sales and maturities of marketable securities 130 214
Net change in finance receivables 7 16
Cash paid for business acquisitions, net of cash and cash equivalents acquired (99) (5)
Other investing activities (26) (11)
Net cash used in investing activities (1,499) (734)
Cash Flows From Financing Activities:    
Net change in short-term debt 0 498
Proceeds from long-term borrowings 0 0
Repayments of long-term borrowings (1,105) (2,599)
Purchases of common stock (1,242) 0
Issuances of common stock 136 141
Dividends (2,567) (1,718)
Other financing activities (508) (360)
Net cash used in financing activities (5,286) (4,038)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (28) 16
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1,480 3,698
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 10,255 5,910
End of period $ 11,735 $ 9,608