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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Year Ended December 31,
(in millions) | 2024 |  | 2023 |  | 2022
OPERATING ACTIVITIES OF CONTINUING OPERATIONS |  |  |  |  |
Net earnings | $ | 399 |  |  | $ | 695 |  |  | $ | 1,026 |
Net (loss) earnings from discontinued operations | (29) |  |  | (7) |  |  | 308 |
Net earnings from continuing operations | 428 |  |  | 702 |  |  | 718 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: |  |  |  |  |
Depreciation and tooling amortization | 604 |  |  | 515 |  |  | 483 |
Intangible asset amortization | 69 |  |  | 67 |  |  | 69 |
Restructuring expense, net of cash paid | 6 |  |  | 66 |  |  | 41 |
Stock-based compensation expense | 62 |  |  | 58 |  |  | 64 |
Loss (gain) on sales of businesses | 6 |  |  | (5) |  |  | (16) |
Gain on debt extinguishment | (10) |  |  | (28) |  |  | — |
Asset impairments | 646 |  |  | 29 |  |  | 30 |
Change in accounting method | (29) |  |  | — |  |  | — |
Realized and unrealized loss on debt and equity securities | 1 |  |  | 174 |  |  | 73 |
Deferred income tax benefit | (156) |  |  | (44) |  |  | (76) |
Other non-cash adjustments | 8 |  |  | (25) |  |  | (33) |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations | 1,207 |  |  | 807 |  |  | 635 |
Retirement plan contributions | (45) |  |  | (19) |  |  | (21) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |  |  |
Receivables | 143 |  |  | (482) |  |  | (409) |
Inventories | 31 |  |  | (72) |  |  | (158) |
Prepayments and other current assets | (18) |  |  | (3) |  |  | 17 |
Accounts payable and accrued expenses | (292) |  |  | 375 |  |  | 433 |
Prepaid taxes and income taxes payable | (40) |  |  | (20) |  |  | 25 |
Other assets and liabilities | (32) |  |  | 109 |  |  | (60) |
Net cash provided by operating activities from continuing operations | $ | 1,382 |  |  | $ | 1,397 |  |  | $ | 1,180 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |  |  |
Cash paid during the year for: |  |  |  |  |
Interest | $ | 121 |  |  | $ | 126 |  |  | $ | 131 |
Income taxes, net of refunds | $ | 406 |  |  | $ | 362 |  |  | $ | 268 |
Non-cash investing transactions: |  |  |  |  |
Period end accounts payable related to property, plant and equipment purchases | $ | 111 |  |  | $ | 148 |  |  | $ | 165 |

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