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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash from operating activities    
Net income $ 557 $ 518
Non-cash charges to net income:    
Depreciation and amortization 160 165
Mechanical stores expense 45 48
Net gain on sale of business (90) 0
Deferred income taxes 19 (7)
Impairment charges 26 10
Other non-cash charges 26 42
Changes in working capital:    
Accounts receivable and prepaid expenses 113 (6)
Inventories 229 61
Accounts payable and accrued liabilities (94) (173)
Margin accounts 7 2
Other 2 (13)
Cash provided by operating activities 1,000 647
Cash from investing activities    
Capital expenditures and mechanical stores purchases (170) (233)
Proceeds from disposal of manufacturing facilities and properties 0 2
Proceeds from sale of business 255 0
Other (6) (11)
Cash provided by (used for) investing activities 79 (242)
Cash from financing activities    
Proceeds from borrowings 527 636
Payments on debt (539) (652)
Commercial paper borrowings, net (327) (57)
Repurchases of common stock, net (87) (101)
Issuances of common stock for share-based compensation, net 21 18
Purchases of non-controlling interests (40) (2)
Dividends paid, including to non-controlling interests (156) (143)
Cash (used for) financing activities (601) (301)
Effects of foreign exchange rate changes on cash and cash equivalents (2) (5)
Increase in cash and cash equivalents 476 99
Cash and cash equivalents, beginning of period 401 236
Cash and cash equivalents, end of period $ 877 $ 335