OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2024

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)	2024		2023		2022
OPERATING ACTIVITIES OF CONTINUING OPERATIONS
Net earnings	$	399	$	695	$	1,026
Net (loss) earnings from discontinued operations	(29)		(7)		308
Net earnings from continuing operations	428		702		718
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and tooling amortization	604		515		483
Intangible asset amortization	69		67		69
Restructuring expense, net of cash paid	6		66		41
Stock-based compensation expense	62		58		64
Loss (gain) on sales of businesses	6		(5)		(16)
Gain on debt extinguishment	(10)		(28)		—
Asset impairments	646		29		30
Change in accounting method	(29)		—		—
Realized and unrealized loss on debt and equity securities	1		174		73
Deferred income tax benefit	(156)		(44)		(76)
Other non-cash adjustments	8		(25)		(33)
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations	1,207		807		635
Retirement plan contributions	(45)		(19)		(21)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	143		(482)		(409)
Inventories	31		(72)		(158)
Prepayments and other current assets	(18)		(3)		17
Accounts payable and accrued expenses	(292)		375		433
Prepaid taxes and income taxes payable	(40)		(20)		25
Other assets and liabilities	(32)		109		(60)
Net cash provided by operating activities from continuing operations	$	1,382	$	1,397	$	1,180
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the year for:
Interest	$	121	$	126	$	131
Income taxes, net of refunds	$	406	$	362	$	268
Non-cash investing transactions:
Period end accounts payable related to property, plant and equipment purchases	$	111	$	148	$	165