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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 283 $ 287 $ 3
Adjustments to reconcile net earnings to cash from operating activities:      
Depreciation and amortization 172 138 134
Deferred income taxes 11 (53) (13)
Mandatory deemed repatriation tax (56) (11) 14
Loss from affiliates 18 41 44
Dividends received from affiliates 20 10 23
Other investment loss (income), net (84) (225) 152
Other, net 34 7 5
Changes in assets and liabilities, net of acquisitions:      
Receivables, net of allowance 104 (84) (58)
Inventories (99) (158) (61)
Other assets (10) 27 44
Accounts payable (99) 114 (25)
Other liabilities, exclusive of debt (3) 78 (24)
Net cash from operating activities 291 171 238
Cash flows from investing activities:      
Purchase of short-term investments (739) (1,026) (1,130)
Proceeds from the sale of short-term investments 791 973 1,191
Proceeds from the maturity of short-term investments 47 185 53
Capital expenditures (259) (349) (162)
Proceeds from the sale of non-consolidated affiliate   24  
Acquisition of businesses (27) (7) (264)
Investments in and advances to affiliates, net (8) (21) (26)
Purchase of long-term investments (47) (38) (21)
Other, net (20) 6 10
Net cash from investing activities (262) (253) (349)
Cash flows from financing activities:      
Uncommitted lines of credit, net (18) 34  
Draws under committed lines of credit 290 100 30
Repayments of committed lines of credit (290) (100) (30)
Proceeds from long-term debt 37 43 251
Principal payments of long-term debt (69) (35) (46)
Repurchase of common stock (13) (17) (5)
Dividends paid (10) (10) (7)
Other, net (9) (4) (3)
Net cash from financing activities (82) 11 190
Effect of exchange rate changes on cash and cash equivalents 4 2 (1)
Net change in cash and cash equivalents (49) (69) 78
Cash and cash equivalents at beginning of year 125 194 116
Cash and cash equivalents at end of year $ 76 $ 125 $ 194