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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
12 Months Ended
Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]  
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
Year Ended December 31,
(in millions)202320222021
OPERATING ACTIVITIES OF CONTINUING OPERATIONS
Net earnings$695 $1,026 $639 
Net (loss) earnings from discontinued operations(7)308 194 
Net earnings from continuing operations702 718 445 
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and tooling amortization515 483 515 
Intangible asset amortization67 69 59 
Restructuring expense, net of cash paid66 41 81 
Stock-based compensation expense58 64 50 
(Gain) loss on sales of businesses(5)(16)29 
(Gain) loss on debt extinguishment(28)— 20 
Asset impairments20 30 — 
Realized and unrealized loss on debt and equity securities174 73 362 
Deferred income tax benefit(44)(76)(96)
Gain on insurance recovery received for property damages— — (5)
Other non-cash adjustments(16)(33)(38)
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations1,509 1,353 1,422 
Retirement plan contributions(19)(21)(28)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables(482)(409)(55)
Inventories(72)(158)(179)
Prepayments and other current assets(3)17 14 
Accounts payable and accrued expenses375 433 (61)
Prepaid taxes and income taxes payable(20)25 (10)
Other assets and liabilities109 (60)107 
Net cash provided by operating activities from continuing operations$1,397 $1,180 $1,210 
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the year for:
Interest$126 $131 $127 
Income taxes, net of refunds$362 $268 $290 
Non-cash investing transactions:
Period end accounts payable related to property, plant and equipment purchases$148 $165 $95