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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | Information regarding net income (loss) from discontinued operations, net of taxes includes the following:
Net Income (Loss) from Discontinued Operations, Net of Taxes (millions) |  |  |  |  |  | 2024 |  | 2023 |  | 2022
Net sales |  |  |  |  |  | $ | 1,987 |  | $ | 8,071 |  | $ | 8,068
Cost of sales |  |  |  |  |  | 844 |  | 3,494 |  | 3,379
Other operating expenses |  |  |  |  |  | 837 |  | 3,016 |  | 2,519
Other expense (income), net |  |  |  |  |  | 44 |  | (22) |  | (18)
Income (loss) from discontinued operations before income taxes |  |  |  |  |  | 262 |  | 1,583 |  | 2,188
Provision for income taxes |  |  |  |  |  | 98 |  | 176 |  | 424
Net income (loss) from discontinued operations, net of taxes |  |  |  |  |  | $ | 164 |  | $ | 1,407 |  | $ | 1,764
Major classes of assets and liabilities of discontinued operations include the following:
Assets and Liabilities of Discontinued Operations (millions) |  |  |  | December 31, 2023
Assets |  |  |  |
Cash and cash equivalents |  |  |  | $ | 198 |
Marketable securities — current |  |  |  | 3 |
Accounts receivable — net |  |  |  | 1,149 |
Inventories |  |  |  | 878 |
Other current assets |  |  |  | 151 |
Current assets of discontinued operations |  |  |  | 2,379 |
Property, plant and equipment — net |  |  |  | 1,469 |
Operating lease right of use assets |  |  |  | 102 |
Goodwill |  |  |  | 6,545 |
Intangible assets — net |  |  |  | 2,903 |
Other assets |  |  |  | 324 |
Non-current assets of discontinued operations |  |  |  | $ | 11,343 |
Liabilities |  |  |  |
Accounts payable |  |  |  | $ | 469 |
Accrued payroll |  |  |  | 209 |
Accrued income taxes |  |  |  | 61 |
Operating lease liabilities — current |  |  |  | 33 |
Other current liabilities |  |  |  | 951 |
Current liabilities of discontinued operations |  |  |  | 1,723 |
Pension and postretirement benefits |  |  |  | 315 |
Operating lease liabilities |  |  |  | 70 |
Other liabilities |  |  |  | 301 |
Non-current liabilities of discontinued operations |  |  |  | $ | 686 |
Cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statement of Cash Flows for all periods presented. Selected financial information related to cash flows from discontinued operations is below.
Selected Cash Flow Information from Discontinued Operations (millions) |  | 2024 |  | 2023 |  | 2022
Depreciation and amortization |  | $ | 139 |  |  | $ | 554 |  |  | $ | 577
Purchases of property, plant and equipment (PP&E) |  | 77 |  |  | 227 |  |  | 272

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