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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net earnings (loss) $ 704 $ 572
Depreciation and amortization 806 743
Deferred income tax provision (benefit), net (606) (47)
Restructuring and other charges, net 59 0
Net (gains) losses on sales and impairments of equity method investments 0 135
Equity method dividends received 0 13
Equity (earnings) losses, net of taxes 4 (109)
Periodic pension (income) expense, net (1) 70
Other, net 99 36
Changes in current assets and liabilities    
Accounts and notes receivable (79) 201
Contract assets (1) 7
Inventories 49 62
Accounts payable and accrued liabilities 233 (332)
Interest payable 24 (5)
Other (10) (5)
Cash Provided By (Used For) Operations 1,281 1,341
Investment Activities    
Invested in capital projects (661) (836)
Proceeds from sales of equity method investments, net of transaction costs 0 472
Proceeds from insurance recoveries 25 0
Proceeds from sale of fixed assets 5 4
Other (3) 2
Cash Provided By (Used For) Investment Activities (634) (358)
Financing Activities    
Repurchases of common stock and payments of restricted stock tax withholding (22) (218)
Issuance of debt 0 772
Reduction of debt (33) (689)
Change in book overdrafts (51) (26)
Dividends paid (482) (482)
Proceeds from (Payments for) Other Financing Activities 0 (1)
Cash Provided By (Used For) Financing Activities (588) (644)
Effect of Exchange Rate Changes on Cash and Temporary Investments (13) 6
Change in Cash and Temporary Investments 46 345
Cash and Temporary Investments    
Beginning of period 1,113 804
End of period $ 1,159 $ 1,149