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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net income $ 256 $ 374
Adjustments to reconcile net income to net cash flows provided by operating activities, net of acquisitions and dispositions:    
Depreciation and amortization 42 44
Deferred income tax expense (benefit) 0 16
Stock compensation cost 21 16
Change in operating assets and liabilities:    
Accounts receivable, net (104) (162)
Contract assets and liabilities, current 260 275
Inventories (18) 9
Other current assets (2) (24)
Accounts payable (281) (217)
Accrued liabilities 12 (142)
Pension contributions (18) (12)
Other operating activities, net 22 (6)
Net cash flows provided by (used in) operating activities 190 171
Investing Activities:    
Capital expenditures (34) (31)
Acquisitions of businesses and intangible assets, net of cash (Note 6) (36) (30)
Receipts (payments) on settlements of derivative contracts (93) (21)
Other investing activities, net 2 3
Net cash flows provided by (used in) investing activities (161) (79)
Financing Activities:    
Net proceeds from (repayments of) borrowings (maturities of 90 days or less) (11) 3
Dividends paid on Common Stock (155) (138)
Repurchases of Common Stock (253) (300)
Acquisition of noncontrolling interest shares 0 (4)
Dividends paid to noncontrolling interest (2) (9)
Other financing activities, net (7) (19)
Net cash flows provided by (used in) financing activities (428) (467)
Effect of exchange rate changes on cash and cash equivalents 7 (18)
Net increase (decrease) in cash, cash equivalents and restricted cash (392) (393)
Cash, cash equivalents and restricted cash, beginning of year 2,321 1,280
Cash, cash equivalents and restricted cash, end of period 1,929 887
Less: Restricted cash 11 3
Cash and cash equivalents, end of period $ 1,918 $ 884