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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net earnings $ 236 $ 277
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 121 149
Gain on divested business (3) 0
Provision for (benefit from) deferred income taxes (24) 2
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (127) (211)
(Increase) decrease in inventories (184) (144)
Increase (decrease) in trade payables 152 197
Pension and other postretirement contributions (in excess of) less than expenses (43) (53)
Variable compensation (in excess of) less than expenses (168) (78)
Other items, net 57 77
Net cash provided by operating activities 17 216
Investing activities    
Additions to properties and equipment (112) (91)
Additions to capitalized software (3) (6)
Other items, net (2) (2)
Net cash used in investing activities (117) (99)
Financing activities    
Net increase (decrease) in commercial paper and other borrowings 236 (25)
Dividends paid to stockholders (98) (94)
Treasury stock purchases 0 (40)
Proceeds from stock option exercises and other items, net (9) 22
Net cash provided by (used in) financing activities 129 (137)
Effect of exchange rate changes on cash and cash equivalents (1) (4)
Net change in cash and cash equivalents 28 (24)
Cash and cash equivalents at beginning of period 459 564
Cash and cash equivalents at end of period $ 487 $ 540