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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (578,000,000) $ (330,000,000) $ (15,761,000,000)
Adjustments to reconcile net loss to net cash flows from operating activities:      
Depreciation and amortization 1,061,000,000 1,105,000,000 1,317,000,000
Loss on business dispositions 451,000,000 0 353,000,000
Loss (gain) on equity securities 265,000,000 845,000,000 (1,417,000,000)
Stock-based compensation cost 207,000,000 205,000,000 210,000,000
Property, plant and equipment impairment 166,000,000 7,000,000 461,000,000
Inventory impairment 31,000,000 0 246,000,000
Goodwill impairment 0 0 14,773,000,000
Intangible assets impairment 18,000,000 0 729,000,000
Changes in operating assets and liabilities:      
Current receivables (625,000,000) (126,000,000) 680,000,000
Inventories (885,000,000) 170,000,000 (80,000,000)
Accounts payable 605,000,000 246,000,000 (711,000,000)
Progress collections and deferred income 1,103,000,000 (72,000,000) 396,000,000
Contract and other deferred assets (76,000,000) 262,000,000 (69,000,000)
Other operating items, net 145,000,000 62,000,000 177,000,000
Net cash flows from operating activities 1,888,000,000 2,374,000,000 1,304,000,000
Cash flows from investing activities:      
Expenditures for capital assets (989,000,000) (856,000,000) (974,000,000)
Proceeds from disposal of assets 217,000,000 315,000,000 187,000,000
Proceeds from business dispositions 0 70,000,000 187,000,000
Net cash paid for acquisitions and business interests (845,000,000) (266,000,000) (57,000,000)
Other investing items, net 53,000,000 274,000,000 39,000,000
Net cash flows used in investing activities (1,564,000,000) (463,000,000) (618,000,000)
Cash flows from financing activities:      
Net repayments of short-term debt (28,000,000) (41,000,000) (204,000,000)
Proceeds from the issuance of long-term debt 0 1,250,000,000 500,000,000
Proceeds from (repayment of) commercial paper 0 (832,000,000) 737,000,000
Repayments of long-term debt 0 (1,313,000,000) (42,000,000)
Dividends paid (726,000,000) (592,000,000) (488,000,000)
Distributions to GE (17,000,000) (157,000,000) (256,000,000)
Repurchase of Class A common stock (828,000,000) (434,000,000) 0
Other financing items, net 7,000,000 (24,000,000) (22,000,000)
Net cash flows from (used in) financing activities (1,592,000,000) (2,143,000,000) 225,000,000
Effect of currency exchange rate changes on cash and cash equivalents (97,000,000) (47,000,000) (28,000,000)
Increase (decrease) in cash and cash equivalents (1,365,000,000) (279,000,000) 883,000,000
Cash and cash equivalents, beginning of period 3,853,000,000 4,132,000,000 3,249,000,000
Cash and cash equivalents, end of period $ 2,488,000,000 $ 3,853,000,000 $ 4,132,000,000