XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 138 $ 323
Non-cash charges    
Depreciation and amortization 250 242
Pension expense 16 14
Stock-based compensation expense 6 29
Legacy environmental charge 10  
Pension contributions (9) (17)
Cash paid for restructuring activities (15) (10)
Change in components of working capital (439) (541)
Other, net (a) (23) (58)
Cash provided by (utilized in) operating activities (20) 98
Cash flows from investing activities:    
Cash payments for property, plant and equipment (373) (268)
Contributions and advances to joint ventures   (8)
Net cash proceeds on disposal of other businesses and misc. assets 6 3
Net cash proceeds (payments) from hedging activities (13) 7
Cash utilized in investing activities (380) (266)
Cash flows from financing activities:    
Changes in borrowings, net 233 216
Payment of finance fees (11) (20)
Shares repurchased (20) (20)
Net cash payments for hedging activity   (40)
Distributions to non-controlling interests (9) (3)
Other, net (13) (1)
Cash provided by financing activities 180 132
Effect of exchange rate fluctuations on cash (22) 17
Change in cash (242) (19)
Cash and cash equivalents at beginning of period 913 773
Cash and cash equivalents at end of period $ 671 $ 754