OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Three Months Ended March 31,
(in millions)	2023		2022
OPERATING
Net earnings	$	230	$	224
Adjustments to reconcile net earnings to net cash flows from operations:
Depreciation and tooling amortization	159		157
Intangible asset amortization	24		23
Restructuring expense, net of cash paid	5		12
Stock-based compensation expense	12		12
Gain on sale of business	—		(26)
Deferred income tax benefit	(3)		(8)
Unrealized loss on debt and equity securities	15		39
Other non-cash adjustments	5		(10)
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities	447		423
Retirement plan contributions	(6)		(5)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	(224)		(282)
Inventories	(100)		(124)
Prepayments and other current assets	(9)		3
Accounts payable and accrued expenses	(138)		109
Prepaid taxes and income taxes payable	13		(9)
Other assets and liabilities	5		1
Net cash (used in) provided by operating activities	$	(12)	$	116
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest	$	27	$	27
Income taxes, net of refunds	$	88	$	96
	Balance as of:
Non-cash investing transactions:	March 31, 2023		December 31, 2022
Period end accounts payable related to property, plant and equipment purchases	$	166	$	241