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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net earnings (loss) $ 488 $ (1,511) $ 1,806
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 361 475 494
Impairment of goodwill and other intangibles 0 384 0
Loss (gain) on sale and disposal of businesses 106 1,869 (105)
(Gain) loss on previously held equity interest 0 0 (42)
Changes in assets and liabilities:      
Accounts receivable 159 854 (232)
Inventories (123) (49) (648)
Accounts payable 1 (612) 949
Accrued advertising and promotions (37) (51) 70
Accrued expenses and current liabilities 122 113 125
Taxes deferred and payable, net (97) 18 130
Accrued pension and postretirement benefits (59) (105) (116)
Employee compensation 103 (288) 16
Other (109) 293 (271)
Cash provided by (used in) operating activities 915 1,390 2,176
Investing activities      
Capital expenditures (549) (570) (525)
Proceeds from sale of assets and businesses 10 77 302
Acquisition of businesses, net of cash acquired (14) (3,000) (46)
Cash held by divested businesses 0 (75) (393)
Other 0 0 2
Cash provided by (used in) investing activities (553) (3,568) (660)
Financing activities      
Net proceeds from borrowings of long-term debt 304 2,800 300
Net proceeds (repayments) of long-term debt (750) (300) (300)
Net proceeds (repayments) from short-term borrowings 34 (4) (1)
Dividends paid (384) (390) (338)
Repurchase of common stock 0 (903) (1,041)
Common stock issued 4 3 76
Other 0 0 (35)
Cash provided by (used in) financing activities (792) 1,206 (1,339)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 45 (20) (67)
Less: change in cash classified as held for sale (3) (94) 0
Increase (decrease) in cash, cash equivalents and restricted cash (388) (1,086) 110
Cash, cash equivalents and restricted cash at beginning of year 1,958 3,044 2,934
Cash, cash equivalents and restricted cash at end of period 1,570 1,958 3,044
Supplemental disclosure of cash flow information      
Cash paid for interest 370 161 169
Cash paid for income taxes $ 175 $ 247 $ 388