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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net earnings (loss) $ 557 $ 288 $ 1,504
Depreciation and amortization 1,305 1,432 1,040
Deferred income tax provision (benefit), net (473) (156) (773)
Restructuring and other charges, net 221 99 89
Periodic pension (income) expense, net 1 94 (116)
Net (gains) losses on mark to market investments 0 0 (65)
Net (gains) losses on sales and impairments of businesses 0 0 76
Net (gains) losses on sales and impairments of equity method investments 0 153 543
Net (gains) losses on sales of fixed assets (58) 0 0
Equity method dividends received 0 13 204
Equity (earnings) losses, net 5 (108) (291)
Other, net 130 20 108
Changes in operating assets and liabilities      
Accounts and notes receivable 59 255 (59)
Contract assets 36 48 (103)
Inventories 12 73 (162)
Accounts payable and other liabilities (140) (402) 110
Interest payable 16 (19) 41
Other 7 43 28
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES 1,678 1,833 2,174
INVESTMENT ACTIVITIES      
Invested in capital projects (921) (1,141) (931)
Proceeds from sales of equity method investments, net of transaction costs 0 472 0
Proceeds from exchange of equity securities 0 0 311
Proceeds from insurance recoveries 25 0 0
Proceeds from sale of fixed assets 91 4 13
Other (3) (3) (1)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (808) (668) (608)
FINANCING ACTIVITIES      
Repurchases of common stock and payments of restricted stock tax withholding (23) (218) (1,284)
Issuance of debt 102 783 1,011
Reduction of debt (141) (780) (1,017)
Change in book overdrafts (69) (8) 1
Dividends paid (643) (642) (673)
Net debt tender premiums paid 0 0 (89)
Other (1) (1) (3)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (775) (866) (2,054)
Effect of Exchange Rate Changes on Cash (38) 10 (3)
Change in Cash and Temporary Investments 57 309 (491)
Cash and Temporary Investments      
Beginning of the period 1,113 804 1,295
End of the period $ 1,170 $ 1,113 $ 804