XML 26 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net earnings $ 867 $ 489 $ 762
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 538 574 611
Mark-to-market pension and other postretirement benefit plans (gain) loss, net (267) 240 143
Asset impairment charges 16 146 72
Early debt extinguishment costs 1 1 0
Loss from sale of business 552 0 0
Provision for (benefit from) deferred income taxes (38) (111) 23
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:      
(Increase) decrease in trade receivables (281) (31) 170
(Increase) decrease in inventories (389) 291 (80)
Increase (decrease) in trade payables 554 (100) (27)
Pension and other postretirement contributions (in excess of) less than expenses (185) (136) (119)
Variable compensation payments (in excess of) less than expenses 162 87 38
Other items, net 89 5 (89)
Net cash provided by operating activities 1,619 1,455 1,504
Investing activities      
Additions to properties and equipment (555) (383) (425)
Proceeds from sale of business 667 0 0
Acquisitions, net of cash acquired (114) (1) (48)
Payments for Software (23) (13) (6)
Other items, net (4) 3 (1)
Net cash used in investing activities (29) (394) (480)
Financing activities      
Net increase (decrease) in commercial paper and other borrowings (50) (121) (70)
Proceeds from borrowings 0 249 460
Repayment of borrowings (300) (435) (760)
Dividends paid to stockholders (375) (358) (343)
Treasury stock purchases (1,000) (60) (325)
Other items, net 35 21 (5)
Net cash used in financing activities (1,690) (704) (1,043)
Effect of exchange rate changes on cash and cash equivalents (5) 3 (3)
Net change in cash and cash equivalents (105) 360 (22)
Cash and cash equivalents at beginning of period 564 204 226
Cash and cash equivalents at end of period $ 459 $ 564 $ 204