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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Operating activities                
Net earnings (loss) $ 85 $ (176)   $ 145 $ 316 $ (4) $ 93  
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:                
Depreciation and amortization           262 344  
Impairment of goodwill and other intangibles 0     0   0 384  
Loss on sale and disposal of businesses 46     2   286 348  
Changes in assets and liabilities:                
Accounts receivable           (359) 510  
Inventories           (282) (359)  
Accounts payable           (274) (745)  
Accrued advertising and promotions           (140) (114)  
Accrued expenses and current liabilities           50 22  
Taxes deferred and payable, net           161 (10)  
Accrued pension and postretirement benefits           (45) (81)  
Employee compensation           57 (297)  
Other           (34) 215  
Cash provided by (used in) operating activities           (322) 310  
Investing activities                
Capital expenditures (121)     (117)   (338) (334)  
Proceeds from sale of assets and businesses           9 76  
Acquisition of businesses, net of cash acquired           (14) 0  
Cash held by divested businesses           0 (75)  
Cash provided by (used in) investing activities           (343) (333)  
Financing activities                
Net proceeds from borrowings of long-term debt           304 300  
Net proceeds (repayments) of long-term debt           (250) (300)  
Net proceeds (repayments) from short-term borrowings           30 0  
Dividends paid           (290) (295)  
Repurchase of common stock           0 (903)  
Common stock issued           4 3  
Other           (1) 0  
Cash provided by (used in) financing activities           (203) (1,195)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash           28 (32)  
Less: (decrease) increase in cash classified as held for sale           5 0  
Increase (decrease) in cash, cash equivalents and restricted cash           (835) (1,250)  
Cash, cash equivalents and restricted cash at beginning of year   $ 1,958 $ 1,794   $ 3,044 1,958 3,044 $ 1,794
Cash, cash equivalents and restricted cash at end of period $ 1,123   $ 1,958 $ 1,794   $ 1,123 $ 1,794 $ 1,123