OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Six Months Ended June 30,
(in millions)	2023		2022
OPERATING
Net earnings	$	452	$	455
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and tooling amortization	321		315
Intangible asset amortization	48		50
Restructuring expense, net of cash paid	12		36
Stock-based compensation expense	34		28
Gain on sale of business	(5)		(26)
Deferred income tax benefit	(60)		(26)
Unrealized loss on debt and equity securities	69		28
Other non-cash adjustments	—		(15)
Adjustments to reconcile net earnings to net cash provided by operating activities	871		845
Retirement plan contributions	(11)		(14)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	(548)		(353)
Inventories	(162)		(194)
Prepayments and other current assets	(21)		5
Accounts payable and accrued expenses	78		50
Prepaid taxes and income taxes payable	19		(10)
Other assets and liabilities	42		3
Net cash provided by operating activities	$	268	$	332
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest	$	62	$	59
Income taxes, net of refunds	$	256	$	171
	Balance as of:
Non-cash investing transactions:	June 30, 2023		December 31, 2022
Period end accounts payable related to property, plant and equipment purchases	$	149	$	241