v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net Income $ 1,540 $ 1,204
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 248 233
Stock-based compensation 117 117
Deferred income taxes (28) 17
Non-cash restructuring and abandonment-related charges 2 7
Provision for credit losses on accounts receivable 7 6
Gain on business divestitures (181) 0
Changes in assets and liabilities:    
Accounts receivable 80 94
Other current assets 87 (25)
Other assets 5 (24)
Lease obligations (3) (19)
Accounts payable and accrued liabilities (193) (341)
Deferred revenue 20 26
Uncertain tax positions and other non-current tax liabilities 13 10
Other liabilities 4 (5)
Net cash provided by operating activities 1,718 1,300
Cash flows from investing activities    
Payments to Acquire Property, Plant, and Equipment (186) (160)
Purchases of investments (74) (118)
Sales and maturities of investments 106 579
Purchases of investments in non-consolidated affiliates (2) (12)
Receipts from settlements of net investment hedges 0 32
Cash paid for acquisitions, net of cash acquired (23) (223)
Cash received upon business divestitures, net of cash transferred to purchaser 200 0
Net cash provided by investing activities 21 98
Cash flows from financing activities    
Repayment of notes 0 (700)
Proceeds from stock-based compensation plans 24 32
Repurchase of shares related to stock-based compensation and excise tax payments on share repurchases (120) (88)
Treasury shares (2,165) (657)
Dividends (365) (366)
Dividends to noncontrolling interests (3) (1)
Net cash used in financing activities (2,629) (1,780)
Effect of exchange rate changes on cash and cash equivalents (27) 148
Decrease in cash and cash equivalents (917) (234)
Cash and cash equivalents, beginning of period 2,384 2,408
Cash and cash equivalents, end of period $ 1,467 $ 2,174