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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net earnings $ 47 $ 61
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 42 31
Deferred income taxes 6 14
Other 8 0
Changes in assets and liabilities:    
Accounts receivable (32) 24
Contract assets (146) (131)
Inventories (59) (47)
Prepaid expenses 3 (3)
Other current assets (25) (7)
Other noncurrent assets 6 22
Defined benefit obligations (2) (3)
Other current liabilities (91) (9)
Other noncurrent liabilities 5 (17)
Accounts payable (167) (165)
Contract liabilities 59 (12)
Net cash used in operating activities (346) (242)
Investing activities    
Capital expenditures (27) (22)
Proceeds from sales of assets 1 0
Net cash used in investing activities (26) (22)
Financing activities    
Net (decrease) increase in third party borrowings (maturities of 90 days or less) (4) (17)
Repayment of third party debt (291) 0
Borrowings of third party debt 395 0
Repayment of related party debt 0 (335)
Borrowings from related parties 0 445
Proceeds from stock issuance 6 0
Cash outlay to reacquire equity instruments (1) 0
Other (4) 0
Net cash provided by financing activities 101 93
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents (271) (171)
Cash and cash equivalents at beginning of year 306 240
Cash and cash equivalents at end of period $ 35 $ 69