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CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings $ 627 $ 172 $ 264
Gain from discontinued operations   (7)  
Non-cash charges (credits):      
Depreciation 352 356 369
Amortization of intangibles and other deferred items 102 93 99
Amortization of finance fees and debt discount 11 14 14
Deferred tax provision (benefit) 22 5 (5)
Pension expense 34 32 38
Restructuring, asset impairment and related charges 50 28 96
Pension settlement charges 20 74 26
Gain on sale of ANZ businesses     (275)
Charge related to Paddock support agreement liability   154  
Brazil indirect tax credit   (71)  
Other asset impairments     36
Gain on sale of divested businesses and miscellaneous assets (55) (84)  
Gain on sale leasebacks (334)    
Pension contributions (26) (84) (103)
Cash paid for restructuring activities (20) (30) (37)
Paddock Trust settlement payment and related expenses (621)    
Change in components of working capital (See Note 20) 95 (13) (181)
Other, net (103) 41 116
Cash provided by continuing operating activities 154 680 457
Cash provided by discontinued operating activities   7  
Cash provided by operating activities 154 687 457
Investing activities:      
Cash payments for property, plant and equipment (539) (398) (311)
Contributions and advances to joint ventures (12)    
Cash proceeds on disposal of other businesses and misc. assets 98 122 10
Cash proceeds on sale leasebacks 368    
Cash proceeds on sale of ANZ businesses, net of transaction costs   58 441
Deconsolidation of Paddock     (47)
Reconsolidation of reorganized Paddock 12    
Net cash proceeds (payments) for hedging activity (24) (2)  
Cash provided by (utilized in) investing activities (97) (220) 93
Financing activities:      
Additions to long-term debt 2,852 1,021 1,845
Repayments of long-term debt (2,897) (1,188) (2,460)
Increase (decrease) in short-term loans 16 (17) (15)
Payment of finance fees (29) (16) (51)
Dividends paid     (8)
Net cash proceeds (payments) for hedging activity 133 (15) (8)
Distributions paid to noncontrolling interests (27) (16) (12)
Shares repurchased (40) (40)  
Sale leaseback proceeds in conjunction with ANZ sale     155
Issuance of common stock and other (2) (2) (3)
Cash provided by (utilized in) financing activities 6 (273) (557)
Effect of exchange rate fluctuations on cash (15) (29) 19
Increase in cash including cash classified within current assets held for sale 48 165 12
Less: decrease in cash classified within current assets held for sale   (3)  
Cash and cash equivalents at beginning of period 725 563 551
Cash and cash equivalents at end of period $ 773 $ 725 $ 563