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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income from operations $ 2,658 $ 620
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 625 273
Deferred income tax provision (338) (110)
Stock-based compensation costs 48 40
Equity method investment net earnings (121) (96)
(Gain) loss on sale of investments / deconsolidation (2,881) 276
Changes in operating assets and liabilities    
Accounts receivable, net (286) (406)
Contract assets (62) (40)
Inventories, net (2) (59)
Other current assets (52) (105)
Accounts payable and accrued liabilities 1,118 120
Contract liabilities (19) 37
Distributions from equity method investments 12 10
Other operating activities, net 0 (56)
Net cash flows provided by (used in) operating activities 700 504
Investing Activities    
Capital expenditures (215) (144)
Investment in businesses, net of cash acquired (10,779) (56)
Dispositions of businesses 4,877 36
Settlement of derivative contracts, net (185) (14)
Kidde-Fenwal, Inc. deconsolidation 0 (134)
Other investing activities, net 29 16
Net cash flows provided by (used in) investing activities (6,273) (296)
Financing Activities    
Increase (decrease) in short-term borrowings, net 0 (19)
Issuance of long-term debt 2,555 6
Repayment of long-term debt (3,542) (12)
Repurchases of common stock 0 (62)
Dividends paid on common stock (330) (309)
Dividends paid to non-controlling interest (67) (41)
Other financing activities, net (22) (69)
Net cash flows provided by (used in) financing activities (1,406) (506)
Effect of foreign exchange rate changes on cash and cash equivalents (82) (13)
Net increase (decrease) in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale (7,061) (311)
Less: Change in cash balances classified as assets held for sale 34 0
Net increase (decrease) in cash and cash equivalents and restricted cash (7,095) (311)
Cash, cash equivalents and restricted cash, beginning of period 10,017 3,527
Cash, cash equivalents and restricted cash, end of period 2,922 3,216
Less: restricted cash 3 7
Cash and cash equivalents, end of period $ 2,919 $ 3,209