OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Year Ended December 31,
(in millions)	2020		2019		2018
OPERATING
Net earnings	$	567	$	797	$	985
Adjustments to reconcile net earnings to net cash flows from operations:
Non-cash charges (credits) to operations:
Depreciation and amortization	568		439		431
Restructuring expense, net of cash paid	135		30		33
Stock-based compensation expense	41		42		53
Asset impairment and loss on divestiture	17		7		26
Pension settlement loss	4		27		—
Unrealized gain on equity securities	(382)		—		—
Deferred income tax provision	123		186		(57)
Gain on insurance recovery received for property damages	(9)		—		—
Tax reform adjustments to provision (benefit) for income taxes	—		16		(13)
Pre-tax gain on derecognition of subsidiary	—		(177)		—
Other non-cash adjustments	(17)		—		(12)
Net earnings adjusted for non-cash charges to operations	1,047		1,367		1,446
Retirement plan contributions	(182)		(38)		(43)
Derecognition of a subsidiary	—		(172)		—
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	27		19		(43)
Inventories	(28)		(36)		(53)
Prepayments and other current assets	23		(18)		(19)
Accounts payable and accrued expenses	186		(123)		(76)
Prepaid taxes and income taxes payable	35		(8)		(85)
Other assets and liabilities	76		17		(1)
Net cash provided by operating activities	$	1,184	$	1,008	$	1,126
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the year for:
Interest	$	97	$	72	$	84
Income taxes, net of refunds	$	205	$	243	$	316
Non-cash investing transactions:
Period end accounts payable related to property, plant and equipment purchases	$	182	$	102	$	104