Annual report pursuant to Section 13 and 15(d)

NET CHANGE IN OPERATING ASSETS AND LIABILITIES

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NET CHANGE IN OPERATING ASSETS AND LIABILITIES
 12 Months Ended
Dec. 31, 2024
Increase (Decrease) in Operating Capital [Abstract]  
NET CHANGE IN OPERATING ASSETS AND LIABILITIES NET CHANGE IN OPERATING ASSETS AND LIABILITIES
Net cash provided by (used in) operating activities attributable to the net change in operating assets and liabilities was composed of the following (in millions):
Year Ended December 31, 2024 2023 2022
(Increase) decrease in trade accounts receivable $ (295) $ (2) $ (69)
(Increase) decrease in inventories1
(520) (597) (960)
(Increase) decrease in prepaid expenses and other current assets and other noncurrent assets2
(5,667) (323) 225 
Increase (decrease) in accounts payable and accrued expenses 1,134  841  759 
Increase (decrease) in accrued income taxes (823) (578) (360)
Increase (decrease) in other noncurrent liabilities (63) (187) (200)
Net change in operating assets and liabilities $ (6,234) $ (846) $ (605)
1The increase in inventories in 2022 was primarily due to improved business performance, higher costs and the buildup of inventory to manage potential supply chain disruptions.
2The increase in prepaid expenses and other current assets and other noncurrent assets in 2024 was primarily due to the IRS Tax Litigation Deposit. Refer to Note 12.