OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

	Three Months Ended March 31,
(in millions)	2024		2023
OPERATING ACTIVITIES OF CONTINUING OPERATIONS
Net earnings	$	221	$	230
Net (loss) earnings from discontinued operations	(7)		49
Net earnings from continuing operations	228		181
Adjustments to reconcile net earnings from continuing operations to net cash (used in) provided by operating activities from continuing operations:
Depreciation and tooling amortization	133		125
Intangible asset amortization	17		17
Restructuring expense, net of cash paid	13		2
Stock-based compensation expense	18		11
Deferred income tax benefit	(9)		(2)
Unrealized loss on debt and equity securities	2		15
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 operations	155		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)		1
Other assets and liabilities	34		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