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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]          
Net earnings $ 231 $ 274 $ 455 $ 368  
Adjustments to reconcile net earnings to net cash flows from operations:          
Depreciation and tooling amortization     315 350  
Intangible asset amortization $ 27 $ 20 50 40  
Restructuring expense, net of cash paid     36 59  
Stock-based compensation expense     28 27  
(Gain) loss on sales of businesses     (26) 7  
Deferred income tax benefit     (26) (99)  
Unrealized loss on equity securities     28 276  
Loss on debt extinguishment     0 20  
Gain on insurance recovery received for property damages     0 (2)  
Other non-cash adjustments     (15) (12)  
Net earnings adjustments to reconcile to net cash flows from operations     845 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     5 (21)  
Accounts payable and accrued expenses     50 41  
Prepaid taxes and income taxes payable     (10) 30  
Other assets and liabilities     3 (32)  
Net cash provided by operating activities     332 622  
Cash paid during the period for:          
Interest, net     59 54  
Income taxes, net of refunds     171 $ 185  
Non-cash investing transactions:          
Period end accounts payable related to property, plant and equipment purchases     $ 99   $ 142