XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION | 6 Months Ended
--- | ---
Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract] |
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION | OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
| 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 |

X
- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
Name: | us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SupplementalCashFlowElementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration