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CONDENSED CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings $ 210 $ 122  
Non-cash charges      
Depreciation and amortization 118 116  
Pension expense 7 8  
Gain on sale of divested business   (55)  
Cash payments      
Pension contributions (6) (6)  
Cash paid for restructuring activities (6) (4)  
Change in components of working capital (536) (259)  
Other, net (a) [1] 20 5  
Cash provided by operating activities (193) (73)  
Cash flows from investing activities:      
Cash payments for property, plant and equipment (95) (96)  
Contributions and advances to joint ventures (3)    
Cash proceeds on disposal of other businesses and misc. assets   96  
Net cash payments for hedging activity   (2)  
Cash provided by (utilized in) investing activities (98) (2)  
Cash flows from financing activities:      
Changes in borrowings, net (5) (112)  
Payment of finance fees   (20)  
Shares repurchased (10) (10)  
Net cash payments for hedging activity   (7)  
Issuance of common stock and other (1) (3)  
Cash utilized in financing activities (16) (152)  
Effect of exchange rate fluctuations on cash 14 21  
Change in cash (293) (206)  
Cash at beginning of period 773 725 $ 725
Cash at end of period $ 480 $ 519 $ 773
[1] Other, net includes other non-cash charges plus other changes in non-current assets and liabilities.