OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Six Months Ended June 30,
(in millions)	2024		2023
OPERATING ACTIVITIES OF CONTINUING OPERATIONS
Net earnings	$	538	$	452
Net (loss) earnings from discontinued operations	(19)		25
Net earnings from continuing operations	557		427
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and tooling amortization	276		250
Intangible asset amortization	34		34
Restructuring expense, net of cash paid	15		10
Stock-based compensation expense	29		30
Gain on sale of businesses	(3)		(5)
Deferred income tax benefit	(32)		(50)
Unrealized loss on equity and debt securities	2		69
Other non-cash adjustments	20		(4)
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations	341		334
Retirement plan contributions	(11)		(10)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	(83)		(459)
Inventories	(45)		(111)
Prepayments and other current assets	(21)		(9)
Accounts payable and accrued expenses	(269)		84
Prepaid taxes and income taxes payable	(62)		(13)
Other assets and liabilities	(63)		46
Net cash provided by operating activities from continuing operations	$	344	$	289
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest	$	70	$	57
Income taxes, net of refunds	$	197	$	200
	Balance as of:
Non-cash investing transactions:	June 30, 2024		December 31, 2023
Period end accounts payable related to property, plant and equipment purchases	$	111	$	148