| | | | | | | | | | | |
| Nine Months Ended September 30, |
| (in millions) | 2025 | | 2024 |
| OPERATING ACTIVITIES OF CONTINUING OPERATIONS | | | |
| Net earnings | $ | 576 | | | $ | 787 | |
| Net loss from discontinued operations | — | | | (27) | |
| Net earnings from continuing operations | 576 | | | 814 | |
| Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: | | | |
| Depreciation and tooling amortization | 504 | | | 444 | |
| Intangible asset amortization | 49 | | | 51 | |
| Restructuring expense, net of cash paid | 31 | | | 8 | |
| Stock-based compensation expense | 52 | | | 46 | |
| Gain on debt extinguishment | — | | | (3) | |
| Impairment charges | 42 | | | — | |
| Costs to exit charging business | 32 | | | — | |
| Loss on sale of assets | 6 | | | — | |
| Loss on sale of businesses | 2 | | | 3 | |
| Deferred income tax benefit | (73) | | | (79) | |
| Unrealized gain on equity securities | (2) | | | — | |
| Other non-cash adjustments | 14 | | | 2 | |
| Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations | 657 | | | 472 | |
| Retirement plan contributions | (17) | | | (16) | |
| Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: | | | |
| Receivables | (305) | | | (83) | |
| Inventories | 78 | | | (54) | |
| Prepayments and other current assets | 15 | | | (25) | |
| Accounts payable and accrued expenses | (23) | | | (307) | |
| Prepaid taxes and income taxes payable | (20) | | | (58) | |
| Other assets and liabilities | 68 | | | (43) | |
| Net cash provided by operating activities from continuing operations | $ | 1,029 | | | $ | 700 | |
| | | |
| SUPPLEMENTAL CASH FLOW INFORMATION | | | |
| Cash paid during the period for: | | | |
| Interest | $ | 118 | | | $ | 96 | |
| Income taxes, net of refunds | $ | 268 | | | $ | 268 | |
| | | |
| Balance as of: |
| Non-cash investing transactions: | September 30,
2025 | | December 31,
2024 |
| Period end accounts payable related to property, plant and equipment purchases | $ | 69 | | | $ | 106 | |
| | | |