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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 571 $ 283 $ 287
Adjustments to reconcile net earnings to cash from operating activities:      
Depreciation and amortization 178 172 138
Deferred income taxes (12) 11 (53)
Loss (income) from affiliates (7) 18 41
Dividends received from affiliates 44 20 10
Other investment income, net (133) (84) (225)
Other, net 43 (22) (4)
Changes in assets and liabilities, net of acquisitions:      
Receivables, net of allowance (228) 104 (84)
Inventories (462) (99) (158)
Other assets (20) (10) 27
Accounts payable 117 (99) 114
Other liabilities, exclusive of debt 1 (3) 78
Net cash from operating activities 92 291 171
Cash flows from investing activities:      
Purchase of short-term investments (2,031) (739) (1,026)
Proceeds from the sale of short-term investments 2,202 791 973
Proceeds from the maturity of short-term investments 26 47 185
Capital expenditures (460) (259) (349)
Proceeds from sale of property, plant and equipment 39 4 8
Proceeds from sale of non-consolidated affiliate     24
Acquisition of businesses (7) (27) (7)
Investments in and advances to affiliates, net (1) (8) (21)
Principal payments received on notes receivable 21   3
Purchase of long-term investments (98) (47) (38)
Other, net 7 (24) (5)
Net cash from investing activities (302) (262) (253)
Cash flows from financing activities:      
Uncommitted lines of credit, net 135 (18) 34
Draws under committed lines of credit 672 290 100
Repayments of committed lines of credit (515) (290) (100)
Proceeds from long-term debt   37 43
Principal payments of long-term debt (55) (69) (35)
Repurchase of common stock   (13) (17)
Dividends paid (10) (10) (10)
Other, net (14) (9) (4)
Net cash from financing activities 213 (82) 11
Effect of exchange rate changes on cash and cash equivalents (4) 4 2
Net change in cash and cash equivalents (1) (49) (69)
Cash and cash equivalents at beginning of year 76 125 194
Cash and cash equivalents at end of year $ 75 $ 76 $ 125