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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings $ 227 $ 582 $ 571
Adjustments to reconcile net earnings to cash from operating activities:      
Depreciation and amortization 283 235 178
Deferred income taxes (154) (112) (12)
Income from affiliates (105) (152) (7)
Other investment loss (income), net (85) 239 (133)
Dividends received from affiliates 117 40 44
Payment of contingent consideration in excess of acquisition date fair value (16)    
Other, net 23 39 43
Changes in assets and liabilities, net of acquisition and dispositions:      
Receivables, net of allowance 176 (188) (228)
Inventories 200 (20) (462)
Other assets 3 (7) (20)
Accounts payable (32) 26 117
Other liabilities, exclusive of debt 73 (6) 1
Net cash from operating activities 710 676 92
Cash flows from investing activities:      
Purchase of short-term investments (2,519) (567) (2,031)
Proceeds from sale of short-term investments 2,686 717 2,202
Proceeds from maturity of short-term investments 60 15 26
Capital expenditures (506) (474) (460)
Proceeds from sale of property, plant and equipment 34 29 39
Purchase of long-term investments (16) (117) (98)
Acquisition of businesses   (58) (7)
Proceeds from sale of non-consolidated affiliates   13  
Proceeds from the sale of subsidiaries, net of cash sold   17  
Investments in and advances to affiliates (11) (4) (1)
Other, net (1) (8) 28
Net cash from investing activities (273) (437) (302)
Cash flows from financing activities:      
Uncommitted lines of credit, net (172) (27) 135
Draws under committed lines of credit 1,173 1,215 672
Repayments of committed lines of credit (1,199) (1,241) (515)
Proceeds from long-term debt 310 1  
Principal payments of long-term debt (8) (8) (55)
Finance lease payments (57) (44) (14)
Payment of contingent consideration (14)    
Dividends paid (10) (10) (10)
Other, net (4) (2)  
Net cash from financing activities (581) (116) 213
Effect of exchange rate changes on cash and cash equivalents 1 1 (4)
Net change in cash and cash equivalents (143) 124 (1)
Cash and cash equivalents at beginning of year 199 75 76
Cash and cash equivalents at end of year 56 $ 199 $ 75
Affiliates      
Cash flows from financing activities:      
Repurchase of common stock from affiliates $ (600)