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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract] |
Schedule of cash flow, supplemental disclosures |
| Six Months Ended June 30,
(in millions) | 2021 |  | 2020
OPERATING |  |  |
Net earnings | $ | 368 |  |  | $ | 53 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |
Depreciation and amortization | 390 |  |  | 224 |
Restructuring expense, net of cash paid | 59 |  |  | 45 |
Stock-based compensation expense | 27 |  |  | 16 |
Loss on sale | 7 |  |  | — |
Loss on debt extinguishment | 20 |  |  | — |
Asset impairments | — |  |  | 17 |
Deferred income tax benefit | (99) |  |  | (24) |
Unrealized loss on equity securities | 276 |  |  | 9 |
Gain on insurance recovery received for property damages | (2) |  |  | (9) |
Other non-cash adjustments | (12) |  |  | (8) |
Net earnings adjustments to reconcile to net cash flows from operations | 1,034 |  |  | 323 |
Retirement plan contributions | (12) |  |  | (10) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (158) |  |  | 362 |
Inventories | (260) |  |  | (40) |
Prepayments and other current assets | (21) |  |  | (8) |
Accounts payable and accrued expenses | 41 |  |  | (284) |
Prepaid taxes and income taxes payable | 30 |  |  | (23) |
Other assets and liabilities | (32) |  |  | 7 |
Net cash provided by operating activities | $ | 622 |  |  | $ | 327 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest | $ | 54 |  |  | $ | 29 |
Income taxes, net of refunds | $ | 185 |  |  | $ | 83 |
| Balance as of:
Non-cash investing transactions: | June 30, 2021 |  | December 31, 2020
Period end accounts payable related to property, plant and equipment purchases | $ | 95 |  |  | $ | 182 |

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- References No definition available. + Details
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