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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net earnings $ 732 $ 878 $ 582
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 672 700 668
Business consolidation and other activities 71 142 262
Deferred tax provision (benefit) (2) 35 17
Other, net (248) (115) 9
Working capital changes, excluding effects of acquisitions and dispositions:      
Receivables (305) (863) (135)
Inventories (458) (464) (64)
Other current assets (42) (24) 5
Accounts payable (83) 1,312 66
Accrued employee costs (101) (1) 84
Other current liabilities 84 159 (35)
Other, net (19) 1 (27)
Cash provided by (used in) operating activities 301 1,760 1,432
Cash Flows from Investing Activities      
Capital expenditures (1,651) (1,726) (1,113)
Business acquisitions, net of cash acquired     (69)
Business dispositions, net of cash sold 759 112 (17)
Other, net 106 (25) 18
Cash provided by (used in) investing activities (786) (1,639) (1,181)
Cash Flows from Financing Activities      
Long-term borrowings 4,851 850 2,552
Repayments of long-term borrowings (3,884) (750) (2,794)
Net change in short-term borrowings 394 (2) (20)
Acquisitions of treasury stock (618) (766) (57)
Common stock dividends (254) (229) (198)
Other, net (4) 3 (85)
Cash provided by (used in) financing activities 485 (894) (602)
Effect of exchange rate changes on cash (21) (29) (74)
Change in cash, cash equivalents and restricted cash (21) (802) (425)
Cash, cash equivalents and restricted cash - beginning of year 579 1,381 1,806
Cash, cash equivalents and restricted cash - end of year $ 558 $ 579 $ 1,381