OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Year Ended December 31,
(in millions)	2022		2021		2020
OPERATING
Net earnings	$	1,026	$	639	$	567
Adjustments to reconcile net earnings to net cash flows from operations:
Depreciation and tooling amortization	624		684		479
Intangible asset amortization	97		88		89
Restructuring expense, net of cash paid	45		123		135
Stock-based compensation expense	75		62		41
(Gain) loss on sales of businesses	(15)		29		—
Loss on debt extinguishment	—		20		—
Asset impairments	30		14		17
Unrealized loss (gain) on debt and equity securities	73		362		(382)
Deferred income tax (benefit) provision	(65)		(180)		123
Gain on insurance recovery received for property damages	—		(5)		(9)
Other non-cash adjustments	(31)		(31)		(13)
Net earnings adjustments to reconcile to net cash flows from operations	1,859		1,805		1,047
Retirement plan contributions	(26)		(30)		(182)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	(564)		(59)		27
Inventories	(215)		(268)		(28)
Prepayments and other current assets	28		11		23
Accounts payable and accrued expenses	438		(134)		186
Prepaid taxes and income taxes payable	63		8		35
Other assets and liabilities	(14)		(27)		76
Net cash provided by operating activities	$	1,569	$	1,306	$	1,184
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the year for:
Interest	$	138	$	130	$	97
Income taxes, net of refunds	$	319	$	342	$	205
Non-cash investing transactions:
Period end accounts payable related to property, plant and equipment purchases	$	241	$	142	$	182