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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net earnings $ 12 $ 36
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 22 15
Deferred income taxes 0 11
Other 4 0
Changes in assets and liabilities:    
Accounts receivable 8 13
Contract assets (96) (80)
Inventories (45) (30)
Prepaid expenses 1 (1)
Other current assets (5) (3)
Other noncurrent assets 5 21
Defined benefit obligations (3) 1
Other current liabilities (59) (14)
Other noncurrent liabilities 7 (21)
Accounts payable (199) (215)
Contract liabilities 14 12
Net cash used in operating activities (334) (255)
Investing activities    
Capital expenditures (15) (13)
Proceeds from sales of assets 1 0
Net cash used in investing activities (14) (13)
Financing activities    
Net (decrease) increase in third party borrowings (maturities of 90 days or less) 6 (9)
Repayment of third party debt (128) 0
Borrowings of third party debt 340 0
Repayment of related party debt 0 (135)
Borrowings from related parties 0 285
Proceeds from stock issuance 1 0
Cash outlay to reacquire equity instruments (1) 0
Other (2) 0
Net cash provided by financing activities 216 141
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents (132) (127)
Cash and cash equivalents at beginning of year 306 240
Cash and cash equivalents at end of period $ 174 $ 113