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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net earnings $ 260 $ 209
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 139 155
Asset impairment charges 9 0
Provision for deferred income taxes 12 4
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (72) (149)
(Increase) decrease in inventories (18) (122)
Increase (decrease) in trade payables (104) (42)
Pension and other postretirement contributions (in excess of) less than expenses (52) (36)
Variable compensation (in excess of) less than expenses (74) (77)
Other items, net 71 53
Net cash provided by (used in) operating activities 171 (5)
Investing activities    
Additions to properties and equipment (99) (106)
Acquisitions, net of cash acquired 0 (19)
Other items, net (2) 0
Net cash used in investing activities (101) (125)
Financing activities    
Net increase (decrease) in commercial paper and other borrowings 539 370
Proceeds from borrowings 0 125
Repayment of borrowings 0 (175)
Dividends paid to stockholders (90) (87)
Treasury stock purchases (30) (125)
Other items, net (11) (6)
Net cash provided by financing activities 408 102
Effect of exchange rate changes on cash and cash equivalents (2) (3)
Net change in cash and cash equivalents 476 (31)
Cash and cash equivalents at beginning of period 204 226
Cash and cash equivalents at end of period $ 680 $ 195