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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Year Ended December 31,
(in millions) | 2022 |  | 2021 |  | 2020
OPERATING |  |  |  |  |
Net earnings | $ | 1,026 |  |  | $ | 639 |  |  | $ | 567 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |  |  |
Depreciation and tooling amortization | 624 |  |  | 684 |  |  | 479 |
Intangible asset amortization | 97 |  |  | 88 |  |  | 89 |
Restructuring expense, net of cash paid | 45 |  |  | 123 |  |  | 135 |
Stock-based compensation expense | 75 |  |  | 62 |  |  | 41 |
(Gain) loss on sales of businesses | (15) |  |  | 29 |  |  | — |
Loss on debt extinguishment | — |  |  | 20 |  |  | — |
Asset impairments | 30 |  |  | 14 |  |  | 17 |
Unrealized loss (gain) on debt and equity securities | 73 |  |  | 362 |  |  | (382) |
Deferred income tax (benefit) provision | (65) |  |  | (180) |  |  | 123 |
Gain on insurance recovery received for property damages | — |  |  | (5) |  |  | (9) |
Other non-cash adjustments | (31) |  |  | (31) |  |  | (13) |
Net earnings adjustments to reconcile to net cash flows from operations | 1,859 |  |  | 1,805 |  |  | 1,047 |
Retirement plan contributions | (26) |  |  | (30) |  |  | (182) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |  |  |
Receivables | (564) |  |  | (59) |  |  | 27 |
Inventories | (215) |  |  | (268) |  |  | (28) |
Prepayments and other current assets | 28 |  |  | 11 |  |  | 23 |
Accounts payable and accrued expenses | 438 |  |  | (134) |  |  | 186 |
Prepaid taxes and income taxes payable | 63 |  |  | 8 |  |  | 35 |
Other assets and liabilities | (14) |  |  | (27) |  |  | 76 |
Net cash provided by operating activities | $ | 1,569 |  |  | $ | 1,306 |  |  | $ | 1,184 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |  |  |
Cash paid during the year for: |  |  |  |  |
Interest | $ | 138 |  |  | $ | 130 |  |  | $ | 97 |
Income taxes, net of refunds | $ | 319 |  |  | $ | 342 |  |  | $ | 205 |
Non-cash investing transactions: |  |  |  |  |
Period end accounts payable related to property, plant and equipment purchases | $ | 241 |  |  | $ | 142 |  |  | $ | 182 |

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