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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net earnings $ 183 $ 165
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 126 127
Benefit from deferred income taxes (3) (17)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (92) (105)
(Increase) decrease in inventories (120) (100)
Increase (decrease) in trade payables (72) 49
Pension and other postretirement contributions (in excess of) less than expenses (14) (19)
Variable compensation payments (in excess of) less than expenses (109) (78)
Other items, net (66) (38)
Net cash used in operating activities (167) (16)
Investing activities    
Additions to properties and equipment (147) (185)
Sales 11 0
Other items, net 5 6
Net cash used in investing activities (131) (179)
Financing activities    
Net increase in commercial paper and other borrowings 285 0
Proceeds from borrowings 246 742
Repayment of borrowings (550) (498)
Dividends paid to stockholders (96) (95)
Other items, net (9) (1)
Net cash (used in) provided by financing activities (124) 148
Effect of exchange rate changes on cash and cash equivalents 3 (2)
Net change in cash and cash equivalents (419) (49)
Cash and cash equivalents at beginning of period 837 548
Cash and cash equivalents at end of period $ 418 $ 499