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CONDENSED CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net earnings $ 76 $ 210
Non-cash charges    
Depreciation and amortization 125 118
Pension expense 8 7
Stock-based compensation expense 7 19
Other, net (a) 19 1
Pension contributions (3) (6)
Cash paid for restructuring activities (10) (6)
Change in components of working capital (492) (536)
Cash utilized in operating activities (270) (193)
Investing activities:    
Cash payments for property, plant and equipment (213) (95)
Contributions and advances to joint ventures   (3)
Net cash payments from hedging activities (2)  
Cash utilized in investing activities (215) (98)
Financing activities:    
Changes in borrowings, net 6 (5)
Shares repurchased (10) (10)
Other, net (13) (1)
Cash utilized in financing activities (17) (16)
Effect of exchange rate fluctuations on cash (16) 14
Effect of exchange rate fluctuations on cash (518) (293)
Cash and cash equivalents at beginning of period 913 773
Cash and cash equivalents at end of period $ 395 $ 480