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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
6 Months Ended
Jun. 30, 2022
Supplemental Cash Flow Elements [Abstract]  
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
Six Months Ended June 30,
(in millions)20222021
OPERATING
Net earnings$455 $368 
Adjustments to reconcile net earnings to net cash flows from operations: 
Depreciation and tooling amortization315 350 
Intangible asset amortization50 40 
Restructuring expense, net of cash paid36 59 
Stock-based compensation expense28 27 
(Gain) loss on sales of businesses(26)
Deferred income tax benefit(26)(99)
Unrealized loss on equity securities28 276 
Loss on debt extinguishment— 20 
Gain on insurance recovery received for property damages— (2)
Other non-cash adjustments(15)(12)
Net earnings adjustments to reconcile to net cash flows from operations845 1,034 
Retirement plan contributions(14)(12)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: 
Receivables(353)(158)
Inventories(194)(260)
Prepayments and other current assets(21)
Accounts payable and accrued expenses50 41 
Prepaid taxes and income taxes payable(10)30 
Other assets and liabilities(32)
Net cash provided by operating activities$332 $622 
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest, net$59 $54 
Income taxes, net of refunds$171 $185 
Balance as of:
Non-cash investing transactions:June 30,
2022
December 31,
2021
Period end accounts payable related to property, plant and equipment purchases$99 $142