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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION | 9 Months Ended
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Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract] |
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION | OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
| Nine Months Ended September 30,
(in millions) | 2022 |  | 2021
OPERATING |  |  |
Net earnings | $ | 747 |  |  | $ | 485 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |
Depreciation and tooling amortization | 469 |  |  | 520 |
Intangible asset amortization | 74 |  |  | 65 |
Restructuring expense, net of cash paid | 41 |  |  | 118 |
Stock-based compensation expense | 43 |  |  | 42 |
(Gain) loss on sales of businesses | (17) |  |  | 7 |
Deferred income tax benefit | (21) |  |  | (101) |
Unrealized loss on equity securities | 27 |  |  | 337 |
Loss on debt extinguishment | — |  |  | 20 |
Gain on insurance recovery received for property damages | — |  |  | (5) |
Other non-cash adjustments | (9) |  |  | (18) |
Net earnings adjustments to reconcile to net cash flows from operations | 1,354 |  |  | 1,470 |
Retirement plan contributions | (18) |  |  | (15) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (726) |  |  | (45) |
Inventories | (258) |  |  | (382) |
Prepayments and other current assets | 16 |  |  | (7) |
Accounts payable and accrued expenses | 288 |  |  | (231) |
Prepaid taxes and income taxes payable | 35 |  |  | 21 |
Other assets and liabilities | (12) |  |  | (47) |
Net cash provided by operating activities | $ | 679 |  |  | $ | 764 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest, net | $ | 100 |  |  | $ | 93 |
Income taxes, net of refunds | $ | 251 |  |  | $ | 271 |
| Balance as of:
Non-cash investing transactions: | September 30, 2022 |  | December 31, 2021
Period end accounts payable related to property, plant and equipment purchases | $ | 120 |  |  | $ | 142 |

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI https://asc.fasb.org/topic&trid=2134446 + Details
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- References No definition available. + Details
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