| | | | | | | | | | | |
| Nine Months Ended September 30, |
| (in millions) | 2026 | | 2025 |
| OPERATING ACTIVITIES | | | |
| Net earnings | $ | 779 | | | $ | 576 | |
| | | |
| | | |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | | | |
| Depreciation and tooling amortization | 404 | | | 504 | |
| Intangible asset amortization | 43 | | | 49 | |
| Restructuring expense, net of cash paid | 44 | | | 31 | |
| Stock-based compensation expense | 38 | | | 52 | |
| Loss on debt extinguishment | 4 | | | — | |
| Impairment charges | — | | | 42 | |
| Costs to exit charging business | — | | | 32 | |
| Loss on sale of assets | — | | | 6 | |
| Loss on sale of businesses | — | | | 2 | |
| Deferred income tax benefit | (31) | | | (73) | |
| Unrealized (gain) loss on equity securities | (7) | | | (2) | |
| Other non-cash adjustments | 4 | | | 14 | |
| Adjustments to reconcile net earnings to net cash provided by operating activities | 499 | | | 657 | |
| Retirement plan contributions | (17) | | | (17) | |
| Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: | | | |
| Receivables | (113) | | | (305) | |
| Inventories | (100) | | | 78 | |
| Prepayments and other current assets | (52) | | | 15 | |
| Accounts payable and accrued expenses | 30 | | | (23) | |
| Prepaid taxes and income taxes payable | (31) | | | (20) | |
| Other assets and liabilities | 63 | | | 68 | |
| Net cash provided by operating activities | $ | 1,058 | | | $ | 1,029 | |
| | | |
| SUPPLEMENTAL CASH FLOW INFORMATION | | | |
| Cash paid during the period for: | | | |
| Interest | $ | 110 | | | $ | 118 | |
| Income taxes, net of refunds | $ | 273 | | | $ | 268 | |
| | | |
| Balance as of: |
| Non-cash investing transactions: | September 30,
2026 | | December 31,
2025 |
| Period end accounts payable related to property, plant and equipment purchases | $ | 88 | | | $ | 116 | |
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