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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
3 Months Ended
Mar. 31, 2024
Supplemental Cash Flow Elements [Abstract]  
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
Three Months Ended March 31,
(in millions)20242023
OPERATING ACTIVITIES OF CONTINUING OPERATIONS
Net earnings$221 $230 
Net (loss) earnings from discontinued operations(7)49 
Net earnings from continuing operations228 181 
 Adjustments to reconcile net earnings from continuing operations to net cash (used in) provided by operating activities from continuing operations: 
Depreciation and tooling amortization133 125 
Intangible asset amortization17 17 
Restructuring expense, net of cash paid13 
Stock-based compensation expense18 11 
Deferred income tax benefit(9)(2)
Unrealized loss on debt and equity securities15 
Other non-cash adjustments(19)13 
 Adjustments to reconcile net earnings from continuing operations to net cash (used in) provided by operating activities from continuing operations155 181 
Retirement plan contributions(4)(5)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: 
Receivables(229)(159)
Inventories(40)(77)
Prepayments and other current assets(9)(6)
Accounts payable and accrued expenses(211)(85)
Prepaid taxes and income taxes payable(42)
Other assets and liabilities34 28 
Net cash (used in) provided by operating activities from continuing operations$(118)$59 
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest$31 $25 
Income taxes, net of refunds$93 $74 
Balance as of:
Non-cash investing transactions:March 31,
2024
December 31,
2023
Period end accounts payable related to property, plant and equipment purchases$133 $148