XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net earnings $ 124 $ 94
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 68 63
Deferred income taxes 1 (13)
Share-based compensation expense 16 12
Other 1 1
Changes in assets and liabilities:    
Accounts receivable (86) (34)
Contract assets (89) (189)
Inventories (34) (64)
Prepaid expenses (8) 3
Other current assets 6 (8)
Other noncurrent assets 14 13
Defined benefit obligations (2) (8)
Other current liabilities (36) (82)
Other noncurrent liabilities (21) 6
Accounts payable (106) (129)
Contract liabilities (20) 25
Net cash used in operating activities (172) (310)
Investing activities    
Capital expenditures (56) (42)
Proceeds from sales of assets 1 0
Net cash used in investing activities (55) (42)
Financing activities    
Net decrease in third party borrowings (maturities of 90 days or less) (35) (11)
Repayment of third party debt (238) (454)
Borrowings of third party debt 230 555
Proceeds from stock issuance 13 8
Cash outlay to reacquire equity instruments (4) (1)
Other (8) (4)
Net cash (used in) provided by financing activities (42) 93
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents (269) (259)
Cash and cash equivalents at beginning of year 467 306
Cash and cash equivalents at end of period $ 198 $ 47