v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash provided by operating activities:      
Net income $ 2,044 $ 1,731 $ 1,488
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 1,784 1,599 1,441
Non-cash interest expense 71 86 72
Stock-based compensation 42 41 39
Deferred tax provision (benefit) 87 102 181
Provision for doubtful accounts, net of adjustments 27 53 41
Loss on extinguishment of debt 2 0 0
(Gain) loss on disposition of assets and asset impairments, net (19) (1) (9)
Environmental adjustments 7 2 3
Loss from unconsolidated equity method investments 255 94 166
Other non-cash items (10) (1) 0
Change in assets and liabilities, net of effects from business acquisitions and divestitures:      
Accounts receivable (76) (71) (199)
Prepaid expenses and other assets (171) (30) (84)
Accounts payable (27) 83 106
Capping, closure and post-closure expenditures (56) (61) (65)
Remediation expenditures (62) (55) (55)
Other liabilities 14 43 65
Payments from retirement of certain hedging relationships 24 3 0
Cash provided by operating activities 3,936 3,618 3,190
Cash used in investing activities:      
Purchases of property and equipment (1,855) (1,631) (1,454)
Proceeds from sales of property and equipment 47 29 33
Cash used in acquisitions and investments, net of cash and restricted cash acquired (753) (2,065) (3,039)
Cash received from business divestitures 2 6 51
Purchases of restricted marketable securities (26) (29) (20)
Sales of restricted marketable securities 24 13 20
Other 0 10 (14)
Cash used in investing activities (2,561) (3,667) (4,423)
Cash provided by (used in) financing activities:      
Proceeds from credit facilities and notes payable, net of fees 24,020 39,221 16,446
Proceeds from issuance of senior notes, net of discount and fees 889 2,172 0
Payments of credit facilities and notes payable (25,109) (40,411) (14,282)
Issuances of common stock, net (14) (1) (13)
Purchases of common stock for treasury (482) (262) (203)
Cash dividends paid (687) (638) (593)
Distributions paid to non-controlling interests in consolidated subsidiary 0 0 (1)
Contingent consideration payments (15) (19) (10)
Cash provided by (used in) financing activities (1,398) 62 1,344
Effect of foreign exchange rate changes on cash (2) 1 (3)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (25) 14 108
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 228 214 106
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year $ 203 $ 228 $ 214