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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash from operating activities    
Net income $ 368 $ 358
Non-cash charges to net income:    
Depreciation and amortization 107 109
Mechanical stores expense 29 33
Net gain on sale of business (82) 0
Other non-cash charges 54 27
Changes in working capital:    
Accounts receivable and prepaid expenses 1 32
Inventories 188 (42)
Accounts payable and accrued liabilities (124) (208)
Margin accounts (13) (10)
Other (7) (20)
Cash provided by operating activities 521 279
Cash from investing activities    
Capital expenditures and mechanical stores purchases (120) (154)
Proceeds from disposal of manufacturing facilities and properties 0 1
Proceeds from sale of business 247 0
Other (2) (7)
Cash provided by (used for) investing activities 125 (160)
Cash from financing activities    
Proceeds from borrowings 303 493
Payments on debt (303) (510)
Commercial paper borrowings, net (327) 0
Repurchases of common stock, net (66) 0
Issuances of common stock for share-based compensation, net 11 15
Purchases of non-controlling interests (40) 0
Dividends paid, including to non-controlling interests (104) (95)
Cash (used for) financing activities (526) (97)
Effects of foreign exchange rate changes on cash and cash equivalents (16) (1)
Increase in cash and cash equivalents 104 21
Cash and cash equivalents, beginning of period 401 236
Cash and cash equivalents, end of period $ 505 $ 257