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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net earnings $ 711 $ 732 $ 878
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 686 672 700
Business consolidation and other activities 153 71 142
Deferred tax provision (benefit) (67) (2) 35
Pension contributions (42) (124) (216)
Other, net 62 (124) 101
Working capital changes, excluding effects of acquisitions and dispositions:      
Receivables 238 (305) (863)
Inventories 626 (458) (464)
Other current assets (25) (42) (24)
Accounts payable (510) (83) 1,312
Accrued employee costs 93 (101) (1)
Other current liabilities (71) 84 159
Other, net 9 (19) 1
Cash provided by (used in) operating activities 1,863 301 1,760
Cash Flows from Investing Activities      
Capital expenditures (1,045) (1,651) (1,726)
Business dispositions, net of cash sold   759 112
Other, net (8) 106 (25)
Cash provided by (used in) investing activities (1,053) (786) (1,639)
Cash Flows from Financing Activities      
Long-term borrowings 2,051 4,851 850
Repayments of long-term borrowings (2,281) (3,884) (750)
Net change in short-term borrowings (210) 394 (2)
Acquisitions of treasury stock (3) (618) (766)
Common stock dividends (252) (254) (229)
Other, net 33 (4) 3
Cash provided by (used in) financing activities (662) 485 (894)
Effect of exchange rate changes on cash 4 (21) (29)
Change in cash, cash equivalents and restricted cash 152 (21) (802)
Cash, cash equivalents and restricted cash - beginning of year 558 579  
Cash, cash equivalents and restricted cash - end of year $ 710 $ 558 $ 579