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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Year Ended December 31,
(in millions) | 2023 |  | 2022 |  | 2021
OPERATING ACTIVITIES OF CONTINUING OPERATIONS |  |  |  |  |
Net earnings | $ | 695 |  |  | $ | 1,026 |  |  | $ | 639 |
Net (loss) earnings from discontinued operations | (7) |  |  | 308 |  |  | 194 |
Net earnings from continuing operations | 702 |  |  | 718 |  |  | 445 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: |  |  |  |  |
Depreciation and tooling amortization | 515 |  |  | 483 |  |  | 515 |
Intangible asset amortization | 67 |  |  | 69 |  |  | 59 |
Restructuring expense, net of cash paid | 66 |  |  | 41 |  |  | 81 |
Stock-based compensation expense | 58 |  |  | 64 |  |  | 50 |
(Gain) loss on sales of businesses | (5) |  |  | (16) |  |  | 29 |
(Gain) loss on debt extinguishment | (28) |  |  | — |  |  | 20 |
Asset impairments | 20 |  |  | 30 |  |  | — |
Realized and unrealized loss on debt and equity securities | 174 |  |  | 73 |  |  | 362 |
Deferred income tax benefit | (44) |  |  | (76) |  |  | (96) |
Gain on insurance recovery received for property damages | — |  |  | — |  |  | (5) |
Other non-cash adjustments | (16) |  |  | (33) |  |  | (38) |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations | 1,509 |  |  | 1,353 |  |  | 1,422 |
Retirement plan contributions | (19) |  |  | (21) |  |  | (28) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |  |  |
Receivables | (482) |  |  | (409) |  |  | (55) |
Inventories | (72) |  |  | (158) |  |  | (179) |
Prepayments and other current assets | (3) |  |  | 17 |  |  | 14 |
Accounts payable and accrued expenses | 375 |  |  | 433 |  |  | (61) |
Prepaid taxes and income taxes payable | (20) |  |  | 25 |  |  | (10) |
Other assets and liabilities | 109 |  |  | (60) |  |  | 107 |
Net cash provided by operating activities from continuing operations | $ | 1,397 |  |  | $ | 1,180 |  |  | $ | 1,210 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |  |  |
Cash paid during the year for: |  |  |  |  |
Interest | $ | 126 |  |  | $ | 131 |  |  | $ | 127 |
Income taxes, net of refunds | $ | 362 |  |  | $ | 268 |  |  | $ | 290 |
Non-cash investing transactions: |  |  |  |  |
Period end accounts payable related to property, plant and equipment purchases | $ | 148 |  |  | $ | 165 |  |  | $ | 95 |

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