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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net earnings $ 878 $ 582 $ 536
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 700 668 678
Business consolidation and other activities 142 262 244
Deferred tax provision (benefit) 35 17 (45)
Other, net (115) 9 (101)
Working capital changes, excluding effects of acquisitions and dispositions:      
Receivables (863) (135) 49
Inventories (464) (64) (45)
Other current assets (24) 5 (18)
Accounts payable 1,312 66 72
Accrued employee costs (1) 84 (1)
Other current liabilities 159 (35) 175
Other, net 1 (27) 4
Cash provided by (used in) operating activities 1,760 1,432 1,548
Cash Flows from Investing Activities      
Capital expenditures (1,726) (1,113) (598)
Business acquisitions, net of cash acquired   (69)  
Business dispositions, net of cash sold 112 (17) 160
Other, net (25) 18 16
Cash provided by (used in) investing activities (1,639) (1,181) (422)
Cash Flows from Financing Activities      
Long-term borrowings 850 2,552 2,819
Repayments of long-term borrowings (750) (2,794) (1,524)
Net change in short-term borrowings (2) (20) (183)
Proceeds (payments) from issuances of common stock, net of shares used for taxes 47 (18) 19
Acquisitions of treasury stock (766) (57) (964)
Common dividends (229) (198) (182)
Other, net (44) (67) (31)
Cash provided by (used in) financing activities (894) (602) (46)
Effect of exchange rate changes on cash (29) (74) (2)
Change in cash, cash equivalents and restricted cash (802) (425) 1,078
Cash, cash equivalents and restricted cash - beginning of year 1,381 1,806 728
Cash, cash equivalents and restricted cash - end of year $ 579 $ 1,381 $ 1,806