XML 61 R51.htm IDEA: XBRL DOCUMENT
v3.23.3

OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Nine Months Ended September 30,
(in millions) | 2023 |  | 2022
OPERATING ACTIVITIES OF CONTINUING OPERATIONS |  |  |
Net earnings | $ | 520 |  |  | $ | 747 |
Net (loss) earnings from discontinued operations | (12) |  |  | 225 |
Net earnings from continuing operations | 532 |  |  | 522 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: |  |  |
Depreciation and tooling amortization | 376 |  |  | 360 |
Intangible asset amortization | 51 |  |  | 52 |
Restructuring expense, net of cash paid | 61 |  |  | 39 |
Stock-based compensation expense | 50 |  |  | 36 |
Gain on debt extinguishment | (28) |  |  | — |
Gain on sale of business | (5) |  |  | (17) |
Deferred income tax expense (benefit) | 19 |  |  | (14) |
Realized and unrealized loss on debt and equity securities | 129 |  |  | 27 |
Other non-cash adjustments | (80) |  |  | (1) |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations | 1,105 |  |  | 1,004 |
Retirement plan contributions | (13) |  |  | (18) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (767) |  |  | (544) |
Inventories | (126) |  |  | (187) |
Prepayments and other current assets | (16) |  |  | 11 |
Accounts payable and accrued expenses | 301 |  |  | 274 |
Prepaid taxes and income taxes payable | (44) |  |  | 14 |
Other assets and liabilities | 70 |  |  | (2) |
Net cash provided by operating activities from continuing operations | $ | 510 |  |  | $ | 552 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest | $ | 105 |  |  | $ | 95 |
Income taxes, net of refunds | $ | 284 |  |  | $ | 204 |
| Balance as of:
Non-cash investing transactions: | September 30, 2023 |  | December 31, 2022
Period end accounts payable related to property, plant and equipment purchases | $ | 124 |  |  | $ | 165 |

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SupplementalCashFlowElementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration