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CONDENSED CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:      
Net earnings $ (76) $ 61 $ 379
Non-cash charges      
Depreciation and amortization   377 369
Pension expense   24 22
Stock-based compensation expense   9 36
Restructuring, asset impairment and related charges 83 83 78
Legacy environmental charge 1 11  
Gain on sale of miscellaneous assets (1) (1)  
Pension contributions   (13) (24)
Cash paid for restructuring activities (9) (24) (21)
Change in components of working capital   (359) (416)
Other, net (a)   3 14
Cash provided by operating activities   171 437
Cash flows from investing activities:      
Cash payments for property, plant and equipment   (509) (465)
Contributions and advances to joint ventures   (1) (9)
Net cash proceeds on disposal of other businesses and misc. assets   19 11
Net cash proceeds (payments) from hedging activities   (15) 6
Cash utilized in investing activities   (506) (457)
Cash flows from financing activities:      
Additions to long-term debt   1,096 1,332
Repayments of long-term debt   (923) (1,258)
Increase (decrease) in short-term loans   77 52
Payment of finance fees   (13) (22)
Shares repurchased   (30) (30)
Net cash payments for hedging activity     (40)
Distributions to non-controlling interests   (9) (3)
Other, net (b)   (14)  
Cash provided by financing activities   184 31
Effect of exchange rate fluctuations on cash   (7) 8
Change in cash   (158) 19
Cash at beginning of period   913 773
Cash at end of period $ 755 $ 755 $ 792