Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities:    
Net Income $ 2,522 $ 3,976
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,785 1,662
Pension and postretirement benefit expense 518 486
Pension and postretirement benefit contributions (150) (1,328)
Self-insurance reserves (39) 64
Deferred tax (benefit) expense 72 168
Stock compensation expense 3 165
Other (gains) losses 166 (19)
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,526 2,898
Other assets 73 187
Accounts payable (685) (1,921)
Accrued wages and withholdings 137 (535)
Other liabilities (619) (132)
Other operating activities 0 (77)
Net cash from operating activities 5,309 5,594
Cash Flows From Investing Activities:    
Capital expenditures (1,968) (1,820)
Proceeds from disposal of businesses, property, plant and equipment 28 50
Purchases of marketable securities (52) (2,970)
Sales and maturities of marketable securities 2,715 1,903
Acquisitions, net of cash acquired (66) (34)
Other investing activities (4) 12
Net cash (used in) from investing activities 653 (2,859)
Cash Flows From Financing Activities:    
Net change in short-term debt (1,272) 0
Proceeds from long-term borrowings 2,785 2,503
Repayments of long-term borrowings (1,508) (1,596)
Purchases of common stock 0 (1,498)
Issuances of common stock 131 119
Dividends (2,701) (2,693)
Other financing activities (202) (417)
Net cash (used in) from financing activities (2,767) (3,582)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (72) 57
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash, including cash classified within current assets held for sale 3,123 (790)
Less: net increase (decrease) in cash classified within current assets held for sale 10 0
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 3,113 (790)
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 3,206 5,602
End of period $ 6,319 $ 4,812