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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 344 $ 282
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 169 148
Provision for inventory losses 11 14
Deferred income taxes 76 (3)
Equity income in unconsolidated affiliates (37) (85)
Dividend from unconsolidated affiliate 84  
Stock-based compensation 36 32
Gain on business divestiture (131)  
Other, net 24 (18)
Change in operating assets and liabilities, net of acquisitions:    
Receivables 62 (161)
Inventories 62 (393)
Contract assets (33) (19)
Prepaid and other current assets (5) (36)
Accounts payable (113) 99
Accrued liabilities (112) (207)
Contract liabilities (26) 44
Income taxes payable (3) (17)
Other assets/liabilities, net (54) 46
Net cash provided by (used in) operating activities 354 (274)
Cash flows from investing activities:    
Purchases of property, plant and equipment (151) (133)
Business acquisitions, net of cash acquired (252)  
Business divestitures, net of cash disposed 176  
Other 1 5
Net cash used in investing activities (226) (128)
Cash flows from financing activities:    
Borrowings against lines of credit and other debt 419 2
Payments against lines of credit and other debt (422) (5)
Cash dividends paid (50) (40)
Share repurchases (37)  
Financing leases (13) (11)
Other (10) (19)
Net cash used in financing activities (113) (73)
Effect of exchange rates on cash (4) (2)
Increase (decrease) in cash and cash equivalents 11 (477)
Cash and cash equivalents, beginning of period 816 1,069
Cash and cash equivalents, end of period 827 592
Cash payments during the period for:    
Interest 45 41
Income taxes $ 77 $ 52