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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net earnings $ 4,014 $ 711 $ 732
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 620 686 672
Business consolidation and other activities 420 133 71
Deferred tax provision (benefit) 143 (67) (2)
Gain on Aerospace disposal (4,634) 20  
Pension contributions (32) (42) (124)
Other, net 135 62 (124)
Working capital changes, excluding effects of acquisitions and dispositions:      
Receivables (325) 238 (305)
Inventories (25) 626 (458)
Other current assets (109) (25) (42)
Accounts payable (91) (510) (83)
Accrued employee costs 47 93 (101)
Other current liabilities (201) (71) 84
Other, net 153 9 (19)
Cash provided by (used in) operating activities 115 1,863 301
Cash Flows from Investing Activities      
Capital expenditures (484) (1,045) (1,651)
Business acquisitions, net of cash acquired (74)    
Business dispositions, net of cash sold 5,422   759
Other, net 139 (8) 106
Cash provided by (used in) investing activities 5,003 (1,053) (786)
Cash Flows from Financing Activities      
Long-term borrowings 650 2,051 4,851
Repayments of long-term borrowings (3,480) (2,281) (3,884)
Net change in short-term borrowings (29) (210) 394
Acquisitions of treasury stock (1,712) (3) (618)
Common stock dividends (244) (252) (254)
Other, net 25 33 (4)
Cash provided by (used in) financing activities (4,790) (662) 485
Effect of exchange rate changes on cash (107) 4 (21)
Change in cash, cash equivalents and restricted cash 221 152 (21)
Cash, cash equivalents and restricted cash - beginning of year 710 [1] 558 [1] 579
Cash, cash equivalents and restricted cash - end of year [1] $ 931 $ 710 $ 558
[1] Includes $32 million of cash presented in current assets held for sale on the consolidated balance sheet as of December 31, 2024.