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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 710 $ 532
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 880 912
Stock-based compensation 240 226
Amortization of intangible assets 98 103
Impairment charges 1 0
(Gain) loss on asset sales 0 (18)
Other operating activities 27 42
Changes in operating assets and liabilities:    
Accounts receivable (169) (141)
Income taxes, net (45) 3
Other assets 152 (153)
Operating lease right-of-use assets 79 76
Operating lease liabilities (71) (65)
Accounts payable and accrued expenses (149) 4
Other liabilities 0 (11)
Net cash provided by operating activities 1,753 1,510
Cash flows from investing activities:    
Purchases of equity investments (48) (36)
Distributions from equity investments 4 0
Purchases of short-term investments (795) 0
Maturity of short-term investments 450 0
Business acquisitions, net of cash acquired (182) 0
Real estate acquisitions (99) (125)
Purchases of other property, plant and equipment (1,739) (1,355)
Proceeds from sale of assets, net of cash transferred 0 247
Settlement of foreign currency hedges 50 0
Investment in loan receivable (45) (196)
Loan receivable upfront fee 0 4
Net cash used in investing activities (2,404) (1,461)
Cash flows from financing activities:    
Proceeds from employee equity programs 50 48
Payment of dividends (928) (817)
Proceeds from public offering of common stock, net of issuance costs 99 0
Proceeds from senior notes, net of debt discounts 2,066 744
Repayment of finance lease liabilities (72) (66)
Debt issuance costs (15) (8)
Other financing activities 6 (4)
Net cash provided by (used in) financing activities 1,206 (103)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 53 (46)
Net increase (decrease) in cash, cash equivalents and restricted cash 608 (100)
Cash, cash equivalents and restricted cash at beginning of period 3,082 2,096
Cash, cash equivalents and restricted cash at end of period 3,690 1,996
Cash and cash equivalents 3,660 1,993
Current portion of restricted cash included in other current assets 5 3
Non-current portion of restricted cash included in other assets 25 0
Total cash, cash equivalents and restricted cash at end of period $ 3,690 $ 1,996

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