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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)202020192018
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 amortization568 439 431 
Restructuring expense, net of cash paid135 30 33 
Stock-based compensation expense41 42 53 
Asset impairment and loss on divestiture17 26 
Pension settlement loss27 — 
Unrealized gain on equity securities(382)— — 
Deferred income tax provision123 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 operations1,047 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:
Receivables27 19 (43)
Inventories(28)(36)(53)
Prepayments and other current assets23 (18)(19)
Accounts payable and accrued expenses186 (123)(76)
Prepaid taxes and income taxes payable35 (8)(85)
Other assets and liabilities76 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