v3.26.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net earnings (loss) $ 60 $ (105)
Depreciation and amortization 489 571
Deferred income tax provision (benefit), net 7 (74)
Restructuring charges, net 23 83
Net (gains) losses on sales and impairments of businesses 3 0
Net (gains) losses on sales and impairments of assets 0 (67)
Periodic pension (income) expense, net 13 13
Other, net 52 (87)
Changes in operating assets and liabilities    
Accounts and notes receivable (158) (178)
Contract assets (39) (47)
Inventories 58 22
Accounts payable 158 97
Other current liabilities (272) (444)
Other current assets 217 (72)
Cash Provided By (Used For) Operations 611 (288)
Investment Activities    
Capital expenditures (517) (330)
Acquisitions, net of cash acquired 0 415
Proceeds from divestitures, net of cash divested 1,059 0
Proceeds from sale of fixed assets 21 83
Proceeds from insurance recoveries 8 28
Other (6) 41
Cash Provided By (Used For) Investment Activities 565 237
Financing Activities    
Issuance of debt 0 239
Reduction of debt (660) (6)
Change in book overdrafts (84) 94
Repurchases of common stock and payments of restricted stock tax withholding (30) (62)
Dividends paid (245) (244)
Cash Provided By (Used For) Financing Activities (1,019) 21
Cash Included in Assets Held for Sale 0 (2)
Effect of Exchange Rate Changes on Cash and Temporary Investments and Restricted Cash (11) 18
Change in Cash and Temporary Investments and Restricted Cash 146 (14)
Cash and Temporary Investments and Restricted Cash    
Beginning of period 1,161 1,170
End of period $ 1,307 $ 1,156