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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income $ 343 $ 206
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 132 83
Amortization 167 93
Share-based compensation 45 28
Restructuring and asset impairment charges 57 22
U.K. pension settlement expense 0 140
Gain from sale of business 0 1
Other, net (20) (9)
Payments for restructuring (12) (7)
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables (142) (145)
Changes in inventories (41) (214)
Changes in accounts payable 15 47
Changes in accrued and deferred taxes (77) (12)
Other, net (85) 3
Net Cash – Operating activities 382 234
Investing Activities    
Capital expenditures (177) (148)
Acquisitions of businesses, net of cash acquired (476) 0
Proceeds from sale of business 103 1
Proceeds from the sale of property, plant and equipment 2 3
Cash received from investments 1 5
Cash paid for investments (1) (9)
Cash paid for equity investments 58 2
Cash received from interest rate swaps 38 0
Cash received from cross-currency swaps 25 24
Other, net 4 3
Net Cash – Investing activities (539) (123)
Financing Activities    
Short-term debt issued, net 1 0
Long-term debt issued, net 275 0
Long-term debt repaid (155) 0
Repurchase of common stock (10) (52)
Proceeds from exercise of employee stock options 45 6
Dividends paid (219) (163)
Other, net (8) (1)
Net Cash – Financing activities (71) (210)
Effect of exchange rate changes on cash (11) (64)
Net change in cash and cash equivalents (239) (163)
Cash and cash equivalents at beginning of year 944 1,349
Cash and cash equivalents at end of period 705 1,186
Cash paid during the period for:    
Interest 43 67
Income taxes (net of refunds received) $ 159 $ 57