Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2024

Acquisitions and Dispositions

Schedule of components of discontinued operations

	Years Ended December 31,
($ in millions)	2024		2023		2022
Net sales	$	261	$	1,967	$	1,977
Cost of sales (excluding depreciation and amortization)		(214)		(1,605)		(1,644)
Depreciation and amortization		(9)		(81)		(78)
Selling, general and administrative		(11)		(62)		(85)
Interest expense		—		1		1
Gain (loss) on disposition		4,634		(20)		—
Tax (provision) benefit		(1,077)		23		(21)
Discontinued operations, net of tax	$	3,584	$	223	$	150

	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

	Years Ended December 31,
($ in millions)	2024		2023		2022
Provided by (used in)
Depreciation and amortization	$	9	$	81	$	78
Gain on Aerospace disposal		(4,634)		20		—
Capital expenditures		(13)		(106)		(142)

	Years Ended December 31,
($ in millions)	2024		2023		2022
Supplemental cash flow information:
PP&E acquired but not yet paid	$	17	$	23	$	21