v3.25.4
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Supplemental Cash Flow Elements [Abstract]  
Schedule of Income Tax Geographical Information
Cash paid for income taxes, net of refunds is presented in the following table:
Year Ended December 31,
(in millions)
202520242023
 U.S. state $1 $10 $7 
 U.S. federal — 50 47 
Total foreign371 346 308 
 China 105 96 91 
 Korea 42 47 41 
 Poland 35 20 30 
 Spain 33 32 30 
 Mexico 31 46 20 
 Germany 23 6 23 
 India 23 18 15 
 Other foreign79 81 58 
 Total $372 $406 $362 
Year Ended December 31,
(in millions)202520242023
OPERATING ACTIVITIES OF CONTINUING OPERATIONS
Net earnings$335 $399 $695 
Net loss from discontinued operations— (29)(7)
Net earnings from continuing operations335 428 702 
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and tooling amortization653 604 515 
Intangible asset amortization66 69 67 
Restructuring expense, net of cash paid36 6 66 
Stock-based compensation expense66 62 58 
Loss on sales of assets9 — — 
Loss (gain) on sales of businesses2 6 (5)
Gain on debt extinguishment— (10)(28)
Asset impairments624 646 29 
Impairment of investment16 — — 
Costs to exit charging business 32 — — 
Change in accounting method— (29)— 
Unrealized and realized (gain) loss on equity and debt securities(3)1 174 
Deferred income tax benefit(133)(156)(44)
Other non-cash adjustments3 8 (25)
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations1,371 1,207 807 
Retirement plan contributions(24)(45)(19)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables2 143 (482)
Inventories105 31 (72)
Prepayments and other current assets32 (18)(3)
Accounts payable and accrued expenses(207)(292)375 
Prepaid taxes and income taxes payable(17)(40)(20)
Other assets and liabilities51 (32)109 
Net cash provided by operating activities from continuing operations$1,648 $1,382 $1,397 
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the year for:
Interest$133 $121 $126 
Income taxes, net of refunds$372 $406 $362 
Non-cash investing transactions:
Period end accounts payable related to property, plant and equipment purchases$116 $111 $148