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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2024
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Six Months Ended June 30,
(in millions) | 2024 |  | 2023
OPERATING ACTIVITIES OF CONTINUING OPERATIONS |  |  |
Net earnings | $ | 538 |  |  | $ | 452 |
Net (loss) earnings from discontinued operations | (19) |  |  | 25 |
Net earnings from continuing operations | 557 |  |  | 427 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: |  |  |
Depreciation and tooling amortization | 276 |  |  | 250 |
Intangible asset amortization | 34 |  |  | 34 |
Restructuring expense, net of cash paid | 15 |  |  | 10 |
Stock-based compensation expense | 29 |  |  | 30 |
Gain on sale of businesses | (3) |  |  | (5) |
Deferred income tax benefit | (32) |  |  | (50) |
Unrealized loss on equity and debt securities | 2 |  |  | 69 |
Other non-cash adjustments | 20 |  |  | (4) |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations | 341 |  |  | 334 |
Retirement plan contributions | (11) |  |  | (10) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (83) |  |  | (459) |
Inventories | (45) |  |  | (111) |
Prepayments and other current assets | (21) |  |  | (9) |
Accounts payable and accrued expenses | (269) |  |  | 84 |
Prepaid taxes and income taxes payable | (62) |  |  | (13) |
Other assets and liabilities | (63) |  |  | 46 |
Net cash provided by operating activities from continuing operations | $ | 344 |  |  | $ | 289 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest | $ | 70 |  |  | $ | 57 |
Income taxes, net of refunds | $ | 197 |  |  | $ | 200 |
| Balance as of:
Non-cash investing transactions: | June 30, 2024 |  | December 31, 2023
Period end accounts payable related to property, plant and equipment purchases | $ | 111 |  |  | $ | 148 |

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