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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings $ 582 $ 571 $ 283
Adjustments to reconcile net earnings to cash from operating activities:      
Depreciation and amortization 235 178 172
Deferred income taxes (112) (12) 11
Loss (income) from affiliates (152) (7) 18
Dividends received from affiliates 40 44 20
Other investment loss (income), net 239 (133) (84)
Other, net 39 43 (22)
Changes in assets and liabilities, net of acquisitions and dispositions:      
Receivables, net of allowance (188) (228) 104
Inventories (20) (462) (99)
Other assets (7) (20) (10)
Accounts payable 26 117 (99)
Other liabilities, exclusive of debt (6) 1 (3)
Net cash from operating activities 676 92 291
Cash flows from investing activities:      
Purchase of short-term investments (567) (2,031) (739)
Proceeds from sale of short-term investments 717 2,202 791
Proceeds from maturity of short-term investments 15 26 47
Capital expenditures (474) (460) (259)
Proceeds from sale of property, plant and equipment 29 39 4
Purchase of long-term investments (117) (98) (47)
Proceeds from sale of non-consolidated affiliates 13    
Acquisition of businesses (58) (7) (27)
Proceeds from the sale of subsidiaries, net of cash sold 17    
Notes receivable issued to affiliates (13)    
Principal payments received on third party notes receivable 5 21  
Other, net (4) 6 (32)
Net cash from investing activities (437) (302) (262)
Cash flows from financing activities:      
Uncommitted lines of credit, net (27) 135 (18)
Draws under committed lines of credit 1,215 672 290
Repayments of committed lines of credit (1,241) (515) (290)
Proceeds from long-term debt 1   37
Principal payments of long-term debt (8) (55) (69)
Finance lease payments (44) (14) (7)
Repurchase of common stock     (13)
Dividends paid (10) (10) (10)
Other, net (2)   (2)
Net cash from financing activities (116) 213 (82)
Effect of exchange rate changes on cash and cash equivalents 1 (4) 4
Net change in cash and cash equivalents 124 (1) (49)
Cash and cash equivalents at beginning of year 75 76 125
Cash and cash equivalents at end of year $ 199 $ 75 $ 76