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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION

9 Months Ended

Sep. 30, 2021


	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