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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net earnings $ 323 $ 396
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 253 253
Benefit from deferred income taxes (48) (37)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (183) (138)
(Increase) decrease in inventories (131) (238)
Increase (decrease) in trade payables (155) 89
Pension and other postretirement contributions (in excess of) less than expenses (17) (29)
Variable compensation payments (in excess of) less than expenses (86) (20)
Other items, net 110 75
Net cash provided by operating activities 66 351
Investing activities    
Additions to properties and equipment (297) (300)
Sales 14 0
Other items, net 5 0
Net cash used in investing activities (278) (300)
Financing activities    
Net increase in commercial paper and other borrowings 344 0
Proceeds from borrowings 246 742
Repayment of borrowings (550) (541)
Dividends paid to stockholders (191) (190)
Treasury stock purchases (50) (100)
Other items, net (13) 10
Net cash used in financing activities (214) (79)
Effect of exchange rate changes on cash and cash equivalents 12 (6)
Net change in cash and cash equivalents (414) (34)
Cash and cash equivalents at beginning of period 837 548
Cash and cash equivalents at end of period $ 423 $ 514