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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2021
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Three Months Ended March 31,
(in millions) | 2021 |  | 2020
OPERATING |  |  |
Net earnings | $ | 94 |  |  | $ | 137 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |
Non-cash charges (credits) to operations: |  |  |
Depreciation and amortization | 195 |  |  | 112 |
Stock-based compensation expense | 12 |  |  | 10 |
Restructuring expense, net of cash paid | 18 |  |  | 2 |
Deferred income tax benefit | (64) |  |  | (5) |
Unrealized loss on equity securities | 272 |  |  | 9 |
Other non-cash adjustments | (16) |  |  | (4) |
Net earnings adjusted for non-cash charges to operations | 511 |  |  | 261 |
Retirement plan contributions | (7) |  |  | (5) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (290) |  |  | 152 |
Inventories | (104) |  |  | (58) |
Prepayments and other current assets | — |  |  | (8) |
Accounts payable and accrued expenses | 172 |  |  | (96) |
Prepaid taxes and income taxes payable | 18 |  |  | 8 |
Other assets and liabilities | 42 |  |  | 9 |
Net cash provided by operating activities | $ | 342 |  |  | $ | 263 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest | $ | 25 |  |  | $ | 29 |
Income taxes, net of refunds | $ | 75 |  |  | $ | 43 |
Non-cash investing transactions |  |  |
Period end accounts payable related to property, plant and equipment purchases | $ | 107 |  |  | $ | 55 |

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- References No definition available. + Details
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