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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 474 $ 390
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 255 225
Provision for inventory losses 26 21
Deferred income taxes 53 (2)
Equity income in unconsolidated affiliates (37) (101)
Dividend from unconsolidated affiliate 84  
Stock-based compensation 53 49
Gain on business divestiture (131)  
Impairment and loss on assets held for sale   4
Other, net 25 (36)
Change in operating assets and liabilities, net of acquisitions:    
Receivables 12 (258)
Inventories 81 (479)
Contract assets 55 11
Prepaid and other current assets (2) (22)
Accounts payable (87) 17
Accrued liabilities (72) (170)
Contract liabilities (38) 38
Income taxes payable (1) 4
Other assets/liabilities, net (37) 75
Net cash provided by (used in) operating activities 713 (234)
Cash flows from investing activities:    
Purchases of property, plant and equipment (233) (207)
Business acquisitions, net of cash acquired (252) (14)
Business divestitures, net of cash disposed 176  
Other 1 10
Net cash used in investing activities (308) (211)
Cash flows from financing activities:    
Borrowings against lines of credit and other debt 419 62
Payments against lines of credit and other debt (422) (65)
Cash dividends paid (79) (60)
Share repurchases (117)  
Financing leases (19) (17)
Other (17) (26)
Net cash used in financing activities (235) (106)
Effect of exchange rates on cash (1) (5)
Increase (decrease) in cash and cash equivalents 169 (556)
Cash and cash equivalents, beginning of period 816 1,069
Cash and cash equivalents, end of period 985 513
Cash payments during the period for:    
Interest 48 45
Income taxes $ 124 $ 83