| Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net earnings | 342 | 413 | 401 | 377 |
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Depreciation expense | 78 | 88 | 119 | 44 |
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Amortization of Intangible Assets | 29 | 42 | 78 | 81 |
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Stock-based compensation expense | 23 | 26 | 24 | 32 |
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Amortization of debt issuance costs | 1 | 3 | 3 | 4 |
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Amortization of acquisition-related inventory fair value step-up | - | 7 | 1 | 1 |
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Loss on equity investments | - | - | - | 1 |
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Gain on sale of business | - | - | -3 | 34 |
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(Gain) loss on sale of property | 3 | - | -1 | 3 |
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Gain on previously held equity interests from combination of business | - | - | 33 | - |
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Equity Securities, FV-NI, Unrealized Loss | - | - | 9 | - |
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Impairment charges | - | - | 4 | - |
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Write-off of deferred financing costs | - | 3 | - | - |
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Gain on settlement of investment | - | 3 | - | - |
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Change in accounts receivable, net | 93 | 140 | 217 | 148 |
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Change in inventories | 7 | 35 | 74 | -49 |
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Change in prepaid expenses and other assets | -7 | 1 | 16 | -38 |
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Change in long-term financing receivables, net | -135 | -136 | -140 | -141 |
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Change in trade accounts payable | 44 | 46 | 21 | -67 |
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Increase (Decrease) in Accrued Liabilities | 114 | -17 | -24 | -13 |
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Change in deferred income taxes | 35 | 45 | 41 | 47 |
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Net cash provided by operating activities | 691 | 481 | 321 | 455 |
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Proceeds from Divestiture of Businesses | - | - | - | 108 |
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Cash paid for acquisitions, net of cash received | - | 956 | 278 | - |
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Payments for additions to property, plant and equipment | 36 | 48 | 60 | 60 |
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Proceeds from sale of property | 4 | - | 0 | 5 |
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Cash paid for equity investments | - | - | - | 3 |
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Proceeds from sale of equity securities | - | - | 19 | 20 |
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Proceeds From Settlement of Investments | - | 7 | - | - |
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Net cash provided by (used in) investing activities | -42 | -1,008 | -330 | 69 |
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Proceeds from issuance of long-term debt | 1,800 | 2,187 | 1,167 | - |
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Repayment of long-term debt | - | 1,400 | 1,167 | 300 |
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Net proceeds from (repayments of) short-term borrowings | -5 | -7 | 0 | 2 |
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Payments for debt issuance costs | - | 5 | 1 | - |
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Payments of common stock cash dividend | - | 13 | 16 | 16 |
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Purchases of treasury stock | - | - | 328 | 75 |
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Proceeds from stock option exercises | 2 | 8 | 3 | 10 |
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Acquisition of noncontrolling interest | - | 2 | - | - |
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Net transfers to Former Parent | -420 | -36 | - | - |
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Other financing activities | -2 | -6 | -6 | -10 |
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Net cash (used in) provided by financing activities | -284 | 726 | -348 | -388 |
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Effect of exchange rate changes on cash and cash equivalents | 15 | -7 | -11 | -0 |
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Net change in cash and cash equivalents | 381 | 192 | -368 | 136 |
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