Supplemental Cash Flow Statement Disclosures

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Statement Disclosures

Supplemental Cash Flow Statement Disclosures

7. Supplemental Cash and Cash Flow Statement Disclosures

	March 31,
($ in millions)	2024		2023
Beginning of period:
Cash and cash equivalents	$	695	$	548
Current restricted cash (included in other current assets)		15		10
Total cash, cash equivalents and restricted cash	$	710	$	558
End of period:
Cash and cash equivalents	$	1,719	$	572
Current restricted cash (included in other current assets)		6		22
Total cash, cash equivalents and restricted cash	$	1,725	$	594

The company’s restricted cash is primarily related to receivables factoring programs and represents amounts collected from customers that have not yet been remitted to the banks as of the end of the reporting period.

The company recognized interest income of $26 million and $4 million for the three months ended March 31, 2024 and 2023, respectively, and has presented these amounts in selling, general and administrative in its unaudited condensed consolidated statements of earnings

Noncash investing activities include the acquisition of property, plant and equipment (PP&E) for which payment has not been made. These noncash capital expenditures are excluded from the unaudited condensed consolidated statements of

cash flows. A summary of the PP&E acquired but not yet paid, inclusive of amounts related to the historical aerospace business, is as follows:

	March 31,
($ in millions)	2024		2023
Beginning of period:
PP&E acquired but not yet paid	$	204	$	392
End of period:
PP&E acquired but not yet paid	$	168	$	321