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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2021
Supplemental Cash Flow Elements [Abstract] |
Schedule of cash flow, supplemental disclosures |
| Nine Months Ended September 30,
(in millions) | 2021 |  | 2020
OPERATING |  |  |
Net earnings | $ | 485 |  |  | $ | 182 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |
Depreciation and amortization | 585 |  |  | 339 |
Restructuring expense, net of cash paid | 118 |  |  | 49 |
Stock-based compensation expense | 42 |  |  | 29 |
Loss on sale | 7 |  |  | — |
Loss on debt extinguishment | 20 |  |  | — |
Asset impairments | — |  |  | 17 |
Deferred income tax (benefit) provision | (101) |  |  | 56 |
Unrealized loss on equity securities | 337 |  |  | 9 |
Gain on insurance recovery received for property damages | (5) |  |  | (9) |
Other non-cash adjustments | (18) |  |  | (1) |
Net earnings adjustments to reconcile to net cash flows from operations | 1,470 |  |  | 671 |
Retirement plan contributions | (15) |  |  | (15) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (45) |  |  | (25) |
Inventories | (382) |  |  | 3 |
Prepayments and other current assets | (7) |  |  | (4) |
Accounts payable and accrued expenses | (231) |  |  | 153 |
Prepaid taxes and income taxes payable | 21 |  |  | (2) |
Other assets and liabilities | (47) |  |  | 27 |
Net cash provided by operating activities | $ | 764 |  |  | $ | 808 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest, net | $ | 93 |  |  | $ | 53 |
Income taxes, net of refunds | $ | 271 |  |  | $ | 110 |
| Balance as of:
Non-cash investing transactions: | September 30, 2021 |  | December 31, 2020
Period end accounts payable related to property, plant and equipment purchases | $ | 105 |  |  | $ | 182 |

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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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- References No definition available. + Details
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