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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract] |
Schedule of cash flow, supplemental disclosures |
| Three Months Ended March 31,
(in millions) | 2022 |  | 2021
OPERATING |  |  |
Net earnings | $ | 224 |  |  | $ | 94 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |
Depreciation and tooling amortization | 157 |  |  | 175 |
Intangible asset amortization | 23 |  |  | 20 |
Restructuring expense, net of cash paid | 12 |  |  | 18 |
Stock-based compensation expense | 12 |  |  | 12 |
Gain on sale of business | (26) |  |  | — |
Deferred income tax benefit | (8) |  |  | (64) |
Unrealized loss on equity securities | 39 |  |  | 272 |
Other non-cash adjustments | (10) |  |  | (16) |
Net earnings adjustments to reconcile to net cash flows from operations | 423 |  |  | 511 |
Retirement plan contributions | (5) |  |  | (7) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (282) |  |  | (290) |
Inventories | (124) |  |  | (104) |
Prepayments and other current assets | 3 |  |  | — |
Accounts payable and accrued expenses | 109 |  |  | 172 |
Prepaid taxes and income taxes payable | (9) |  |  | 18 |
Other assets and liabilities | 1 |  |  | 42 |
Net cash provided by operating activities | $ | 116 |  |  | $ | 342 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest, net | $ | 27 |  |  | $ | 25 |
Income taxes, net of refunds | $ | 96 |  |  | $ | 75 |
| Balance as of:
Non-cash investing transactions: | March 31, 2022 |  | December 31, 2021
Period end accounts payable related to property, plant and equipment purchases | $ | 107 |  |  | $ | 142 |

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- References No definition available. + Details
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