Repayments of short-term obligations

[Table of Contents](#ie64973d8440d48dda3b140796cb1bc77_7)NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)Note 3. Information Relating to the Consolidated Statement of Cash Flows

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
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|  | Nine Months EndedSeptember 30 |
|  | 2022 |  | 2021 |
|  | (Millions of dollars) |
| Distributions more (less) than income from equity affiliates includes the following: |  |  |
| Distributions from equity affiliates | $ | 2,194  |  |  | $ | 1,838  |  |
| (Income) loss from equity affiliates | (6,962) |  |  | (4,000) |  |
| Distributions more (less) than income from equity affiliates | $ | (4,768) |  |  | $ | (2,162) |  |
| Net decrease (increase) in operating working capital was composed of the following: |
| Decrease (increase) in accounts and notes receivable | $ | (4,428) |  |  | $ | (5,692) |  |
| Decrease (increase) in inventories | (2,170) |  |  | (353) |  |
| Decrease (increase) in prepaid expenses and other current assets  | (479) |  |  | (94) |  |
| Increase (decrease) in accounts payable and accrued liabilities  | 5,282  |  |  | 3,842  |  |
| Increase (decrease) in income and other taxes payable | 2,967  |  |  | 838  |  |
| Net decrease (increase) in operating working capital | $ | 1,172  |  |  | $ | (1,459) |  |
| Net cash provided by operating activities includes the following cash payments: |
| Interest on debt (net of capitalized interest) | $ | 320  |  |  | $ | 427  |  |
| Income taxes | 6,750  |  |  | 2,943  |  |
| Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |  |  |  |
| Proceeds and deposits related to asset sales | $ | 1,406  |  |  | $ | 563  |  |
| Returns of investment from equity affiliates | 1,079  |  |  | 23  |  |
| Proceeds and deposits related to asset sales and returns of investment | $ | 2,485  |  |  | $ | 586  |  |
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| Net sales (purchases) of marketable securities consisted of the following gross amounts: |
| Marketable securities purchased | $ | (9) |  |  | $ | (3) |  |
| Marketable securities sold | 91  |  |  | 2  |  |
| Net sales (purchases) of marketable securities | $ | 82  |  |  | $ | (1) |  |
| Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: |  |  |  |
| Borrowing of loans by equity affiliates | $ | (27) |  |  | $ | —  |  |
| Repayment of loans by equity affiliates | 65  |  |  | 389  |  |
| Net repayment (borrowing) of loans by equity affiliates | $ | 38  |  |  | $ | 389  |  |
| Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |  |  |  |
| Proceeds from issuances of short-term obligations | $ | —  |  |  | $ | 4,449  |  |
| Repayments of short-term obligations  | —  |  |  | (6,225) |  |
| Net borrowings (repayments) of short-term obligations with three months or less maturity | 278  |  |  | (1,851) |  |
| Net borrowings (repayments) of short-term obligations | $ | 278  |  |  | $ | (3,627) |  |
| Net sales (purchases) of treasury shares consists of the following gross and net amounts: |  |  |  |
| Shares issued for share-based compensation plans | $ | 5,505  |  |  | $ | 388  |  |
| Shares purchased under share repurchase and deferred compensation plans  | (7,505) |  |  | (633) |  |
| Net sales (purchases) of treasury shares | $ | (2,000) |  |  | $ | (245) |  |
| Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: |  |  |  |
| Distributions to noncontrolling interests | $ | (107) |  |  | $ | (51) |  |
| Contributions from noncontrolling interests | 4  |  |  | 17  |  |
| Net contributions from (distributions to) noncontrolling interests | $ | (103) |  |  | $ | (34) |  |

The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash.9
