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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 231 $ 259
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 474 405
Stock-based compensation 101 99
Amortization of intangible assets 52 52
Amortization of debt issuance costs and debt discounts 5 5
Provision for credit loss allowance 1 3
Loss on asset sales 0 1
Loss on debt extinguishment 1 0
Other items 4 4
Changes in operating assets and liabilities:    
Accounts receivable (85) (54)
Income taxes, net (9) 5
Other assets (77) 0
Operating lease right-of-use assets 38 35
Operating lease liabilities (32) (34)
Accounts payable and accrued expenses (56) (73)
Other liabilities (50) (15)
Net cash provided by operating activities 598 692
Cash flows from investing activities:    
Purchases of investments (3) (24)
Real estate acquisitions (17) (40)
Purchases of other property, plant and equipment (707) (530)
Proceeds from sale of assets, net of cash transferred 0 72
Net cash used in investing activities (727) (522)
Cash flows from financing activities:    
Proceeds from employee equity programs 48 45
Payment of dividends (412) (326)
Proceeds from public offering of common stock, net of issuance costs 0 301
Proceeds from senior notes, net of debt discounts 0 565
Repayment of finance lease liabilities (31) (36)
Repayment of mortgage and loans payable (2) (3)
Debt issuance costs 0 (4)
Net cash provided by (used in) financing activities (397) 542
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (40) 24
Net increase (decrease) in cash, cash equivalents and restricted cash (566) 736
Cash, cash equivalents and restricted cash at beginning of period 2,096 1,908
Cash, cash equivalents and restricted cash at end of period 1,530 2,644
Cash and cash equivalents 1,527 2,643
Current portion of restricted cash included in other current assets 3 1
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 1,530 $ 2,644

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