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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 755 $ 895 $ 823
Provision for credit losses 22 12 7
Deferred income taxes and tax uncertainties (5) 4 7
Depreciation and amortization 182 229 257
Impairment of goodwill, intangibles and long lived assets 187 123 156
Net losses (gains) from sales of assets and business divestitures 106 (6) (6)
Stock-based compensation 46 40 47
Subtotal 538 402 468
Change in operating assets and liabilities      
Accounts receivable (121) (42) (79)
Inventories (158) (106) (129)
Prepaid expenses and other assets (23) (33) (2)
Trade accounts payable 80 32 (51)
Accrued liabilities 15 (84) 18
Income taxes – net 24 (3) 36
Other non-current liabilities 13 (19) (27)
Net cash provided by operating activities 1,123 1,042 1,057
Cash flows from investing activities:      
Additions to property, buildings, equipment and intangibles (197) (221) (239)
Net proceeds of business acquisitions, divestitures and sales of assets 20 17 86
Other - net (2) 2 (13)
Net cash used in investing activities (179) (202) (166)
Cash flows from financing activities:      
Borrowings under lines of credit 12 20 26
Payments against lines of credit (65) (15) (31)
Proceeds from long-term debt 1,584 0 0
Payments of long-term debt (1,370) (42) (96)
Proceeds from stock options exercised 70 49 181
Payments for employee taxes withheld from stock awards (18) (11) (12)
Purchases of treasury stock (601) (700) (425)
Cash dividends paid (338) (328) (316)
Other – net 0 4 3
Net cash used in financing activities (726) (1,023) (670)
Exchange rate effect on cash and cash equivalents 7 5 (10)
Net change in cash and cash equivalents: 225 (178) 211
Cash and cash equivalents at beginning of year 360 538 327
Cash and cash equivalents at end of year 585 360 538
Supplemental cash flow information:      
Cash payments for interest (net of amounts capitalized) 94 84 86
Cash payments for income taxes $ 180 $ 322 $ 229