OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Nine Months Ended September 30,
(in millions)	2022		2021
OPERATING
Net earnings	$	747	$	485
Adjustments to reconcile net earnings to net cash flows from operations:
Depreciation and tooling amortization	469		520
Intangible asset amortization	74		65
Restructuring expense, net of cash paid	41		118
Stock-based compensation expense	43		42
(Gain) loss on sales of businesses	(17)		7
Deferred income tax benefit	(21)		(101)
Unrealized loss on equity securities	27		337
Loss on debt extinguishment	—		20
Gain on insurance recovery received for property damages	—		(5)
Other non-cash adjustments	(9)		(18)
Net earnings adjustments to reconcile to net cash flows from operations	1,354		1,470
Retirement plan contributions	(18)		(15)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	(726)		(45)
Inventories	(258)		(382)
Prepayments and other current assets	16		(7)
Accounts payable and accrued expenses	288		(231)
Prepaid taxes and income taxes payable	35		21
Other assets and liabilities	(12)		(47)
Net cash provided by operating activities	$	679	$	764
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest, net	$	100	$	93
Income taxes, net of refunds	$	251	$	271
	Balance as of:
Non-cash investing transactions:	September 30, 2022		December 31, 2021
Period end accounts payable related to property, plant and equipment purchases	$	120	$	142