XML 58 R48.htm IDEA: XBRL DOCUMENT

OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2021


	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