Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2024

Acquisitions and Dispositions

Schedule of components of discontinued operations

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Net sales	$	—	$	460	$	261	$	1,467
Cost of sales (excluding depreciation and amortization)		—		(382)		(214)		(1,205)
Depreciation and amortization		—		(21)		(9)		(60)
Selling, general and administrative		—		(11)		(11)		(42)
Interest expense		—		—		—		1
Gain (loss) on disposition		(1)		(18)		4,694		(18)
Tax (provision) benefit		7		43		(1,108)		28
Discontinued operations, net of tax	$	6	$	71	$	3,613	$	171

	December 31,
($ in millions)	2023
Assets
Current assets
Receivables, net	$	277
Other current assets		56
Total current assets		333
Noncurrent assets
Property, plant and equipment, net		665
Other assets		188
Total assets of discontinued operations	$	1,186
Liabilities
Current liabilities
Accounts payable	$	92
Accrued employee costs		88
Deferred revenue		221
Other current liabilities		34
Total current liabilities		435
Noncurrent liabilities
Employee benefit obligations		163
Other liabilities		74
Total liabilities of discontinued operations	$	672

	Nine Months Ended September 30,
($ in millions)	2024		2023
Provided by (used in)
Depreciation and amortization	$	9	$	60
Gain on Aerospace disposal		(4,694)		18
Capital expenditures		(13)		(75)

	Nine Months Ended September 30,
($ in millions)	2024		2023
Supplemental cash flow information:
PP&E acquired but not yet paid	$	17	$	18