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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| 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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