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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net earnings (loss) $ (105) $ 56
Depreciation and amortization 571 278
Deferred income tax provision (benefit), net (74) (11)
Restructuring charges, net 83 3
Net (gains) losses on sales of fixed assets 67 (5)
Periodic pension (income) expense, net 13 (2)
Other, net (87) 34
Changes in operating assets and liabilities    
Accounts and notes receivable (178) 7
Contract assets (47) 2
Inventories 22 76
Accounts payable and other liabilities (370) (44)
Interest payable 23 17
Other (72) (26)
Cash Provided By (Used For) Operations (288) 395
Investment Activities    
Capital expenditures (330) (251)
Acquisitions, net of cash acquired 415 0
Proceeds from insurance recoveries 28 0
Proceeds from sale of fixed assets 83 1
Other 41 3
Cash Provided By (Used For) Investment Activities 237 (247)
Financing Activities    
Issuance of debt 239 0
Reduction of debt (6) (3)
Change in book overdrafts 94 (5)
Repurchases of common stock and payments of restricted stock tax withholding (62) (22)
Dividends paid (244) (161)
Cash Provided By (Used For) Financing Activities 21 (191)
Cash classified as held for sale, increase (decrease) (2) 0
Effect of Exchange Rate Changes on Cash and Temporary Investments 18 0
Change in Cash and Temporary Investments (14) (43)
Cash and Temporary Investments    
Beginning of period 1,170 1,113
End of period $ 1,156 $ 1,070