XML 20 R9.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES    
NET EARNINGS $ 584 $ 726
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 298 286
Deferred income taxes (26) 43
Stock-based compensation expense 53 27
Gain on sale of site 0 (189)
Other adjustments to reconcile net earnings to cash from operating activities (8) 2
Changes in operating assets and liabilities (376) (559)
Pension fund contribution (3) (3)
Payments for other employee benefits liabilities (6) (6)
Other 1 3
Net cash flow provided by operating activities 517 330 Close
NET CASH FLOW USED FOR INVESTING ACTIVITIES    
Cash paid for property, plant, and equipment (309) (280)
Proceeds from the sale of assets or affiliates 12 189
Investment in subsidiaries and affiliates, net of cash acquired (2,857) 0
Other 0 (11)
Net cash flow used for investing activities (3,154) (102) Close
NET CASH FLOW PROVIDED BY (USED FOR) FINANCING ACTIVITIES    
Proceeds from long-term debt 1,968 0
Payments on long-term debt (473) 0
Proceeds from senior revolving credit and receivables securitization facilities 470 0
Payments on senior revolving credit and receivables securitization facilities (315) 0
Proceeds from term loan borrowing 2,784 0
Payments on term loan borrowing (2,800) 0
Dividends paid (104) (95)
Purchases of treasury stock (185) (275)
Finance lease payments (19) (16)
Other (5) 1
Net cash flow provided by (used for) financing activities 1,321 (385) Close
Effect of exchange rate changes on cash (33) 27 Close
Net decrease in cash, cash equivalents and restricted cash (1,349) (130) Close
Cash, cash equivalents and restricted cash at beginning of period 1,623 1,107
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 274 $ 977