OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Year Ended December 31,
(in millions)	2021		2020		2019
OPERATING
Net earnings	$	639	$	567	$	797
Adjustments to reconcile net earnings to net cash flows from operations:
Depreciation and tooling amortization	684		479		400
Intangible asset amortization	88		89		39
Restructuring expense, net of cash paid	123		135		30
Stock-based compensation expense	62		41		42
Loss on sales of businesses	29		—		7
Loss on debt extinguishment	20		—		—
Asset impairments	14		17		—
Unrealized loss (gain) on equity securities	362		(382)		—
Deferred income tax (benefit) provision	(180)		123		186
Gain on insurance recovery received for property damages	(5)		(9)		—
Tax reform adjustments to provision for income taxes	—		—		16
Pre-tax gain on derecognition of subsidiary	—		—		(177)
Other non-cash adjustments	(31)		(13)		27
Net earnings adjustments to reconcile to net cash flows from operations	1,805		1,047		1,367
Retirement plan contributions	(30)		(182)		(38)
Derecognition of a subsidiary	—		—		(172)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	(59)		27		19
Inventories	(268)		(28)		(36)
Prepayments and other current assets	11		23		(18)
Accounts payable and accrued expenses	(134)		186		(123)
Prepaid taxes and income taxes payable	8		35		(8)
Other assets and liabilities	(27)		76		17
Net cash provided by operating activities	$	1,306	$	1,184	$	1,008
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the year for:
Interest, net	$	130	$	97	$	72
Income taxes, net of refunds	$	342	$	205	$	243
Non-cash investing transactions:
Period end accounts payable related to property, plant and equipment purchases	$	142	$	182	$	102