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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Year Ended December 31,
(in millions) | 2021 |  | 2020 |  | 2019
OPERATING |  |  |  |  |
Net earnings | $ | 639 |  |  | $ | 567 |  |  | $ | 797 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |  |  |
Depreciation and tooling amortization | 684 |  |  | 479 |  |  | 400 |
Intangible asset amortization | 88 |  |  | 89 |  |  | 39 |
Restructuring expense, net of cash paid | 123 |  |  | 135 |  |  | 30 |
Stock-based compensation expense | 62 |  |  | 41 |  |  | 42 |
Loss on sales of businesses | 29 |  |  | — |  |  | 7 |
Loss on debt extinguishment | 20 |  |  | — |  |  | — |
Asset impairments | 14 |  |  | 17 |  |  | — |
Unrealized loss (gain) on equity securities | 362 |  |  | (382) |  |  | — |
Deferred income tax (benefit) provision | (180) |  |  | 123 |  |  | 186 |
Gain on insurance recovery received for property damages | (5) |  |  | (9) |  |  | — |
Tax reform adjustments to provision for income taxes | — |  |  | — |  |  | 16 |
Pre-tax gain on derecognition of subsidiary | — |  |  | — |  |  | (177) |
Other non-cash adjustments | (31) |  |  | (13) |  |  | 27 |
Net earnings adjustments to reconcile to net cash flows from operations | 1,805 |  |  | 1,047 |  |  | 1,367 |
Retirement plan contributions | (30) |  |  | (182) |  |  | (38) |
Derecognition of a subsidiary | — |  |  | — |  |  | (172) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |  |  |
Receivables | (59) |  |  | 27 |  |  | 19 |
Inventories | (268) |  |  | (28) |  |  | (36) |
Prepayments and other current assets | 11 |  |  | 23 |  |  | (18) |
Accounts payable and accrued expenses | (134) |  |  | 186 |  |  | (123) |
Prepaid taxes and income taxes payable | 8 |  |  | 35 |  |  | (8) |
Other assets and liabilities | (27) |  |  | 76 |  |  | 17 |
Net cash provided by operating activities | $ | 1,306 |  |  | $ | 1,184 |  |  | $ | 1,008 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |  |  |
Cash paid during the year for: |  |  |  |  |
Interest, net | $ | 130 |  |  | $ | 97 |  |  | $ | 72 |
Income taxes, net of refunds | $ | 342 |  |  | $ | 205 |  |  | $ | 243 |
Non-cash investing transactions: |  |  |  |  |
Period end accounts payable related to property, plant and equipment purchases | $ | 142 |  |  | $ | 182 |  |  | $ | 102 |

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