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<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars except share and per share amounts)</td><td></td><td>2023</td><td></td><td>2022</td><td></td></tr><tr><td>Assets</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Current assets:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td></tr><tr><td>Short-term investments</td><td>​ ​</td><td></td><td>973</td><td>​ ​</td><td></td><td>1,086</td><td>​ ​</td></tr><tr><td>Receivables:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Trade</td><td>​ ​</td><td></td><td>500</td><td>​ ​</td><td></td><td>588</td><td>​ ​</td></tr><tr><td>Due from affiliates</td><td>​ ​</td><td></td><td>127</td><td>​ ​</td><td></td><td>195</td><td>​ ​</td></tr><tr><td>Other</td><td>​ ​</td><td></td><td>152</td><td>​ ​</td><td></td><td>171</td><td>​ ​</td></tr><tr><td>Total receivables</td><td>​ ​</td><td></td><td>779</td><td>​ ​</td><td></td><td>954</td><td>​ ​</td></tr><tr><td>Allowance for credit losses</td><td>​ ​</td><td></td><td>( 30 )</td><td>​ ​</td><td></td><td>( 31 )</td><td>​ ​</td></tr><tr><td>Receivables, net</td><td>​ ​</td><td></td><td>749</td><td>​ ​</td><td></td><td>923</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>1,462</td><td>​ ​</td><td></td><td>1,670</td><td>​ ​</td></tr><tr><td>Other current assets</td><td>​ ​</td><td></td><td>123</td><td>​ ​</td><td></td><td>139</td><td>​ ​</td></tr><tr><td>Total current assets</td><td>​ ​</td><td></td><td>3,363</td><td>​ ​</td><td></td><td>4,017</td><td>​ ​</td></tr><tr><td>Property, plant and equipment, net of accumulated depreciation of $ 1,956 and $ 1,744</td><td>​ ​</td><td></td><td>2,410</td><td>​ ​</td><td></td><td>2,246</td><td>​ ​</td></tr><tr><td>Operating lease right of use assets, net</td><td>​ ​</td><td>​ ​</td><td>394</td><td>​ ​</td><td>​ ​</td><td>445</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>731</td><td>​ ​</td><td></td><td>753</td><td>​ ​</td></tr><tr><td>Goodwill</td><td>​ ​</td><td></td><td>160</td><td>​ ​</td><td></td><td>154</td><td>​ ​</td></tr><tr><td>Other intangible assets, net</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td><td></td><td>31</td><td>​ ​</td></tr><tr><td>Deferred tax asset</td><td>​ ​</td><td>​ ​</td><td>199</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td></tr><tr><td>Other non-current assets</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td></tr><tr><td>Total assets</td><td>​ ​</td><td>$</td><td>7,566</td><td>​ ​</td><td>$</td><td>7,902</td><td>​ ​</td></tr><tr><td>Liabilities and Stockholders’ Equity</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Current liabilities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Lines of credit</td><td>​ ​</td><td>$</td><td>255</td><td>​ ​</td><td>$</td><td>457</td><td>​ ​</td></tr><tr><td>Accounts payable (includes $ 1 and $ 2 to affiliates)</td><td>​ ​</td><td></td><td>400</td><td>​ ​</td><td></td><td>429</td><td>​ ​</td></tr><tr><td>Accrued compensation and benefits</td><td>​ ​</td><td></td><td>143</td><td>​ ​</td><td></td><td>158</td><td>​ ​</td></tr><tr><td>Deferred revenue (includes $ 28 and $ 12 from affiliates)</td><td>​ ​</td><td>​ ​</td><td>66</td><td>​ ​</td><td>​ ​</td><td>70</td><td>​ ​</td></tr><tr><td>Operating lease liabilities</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td><td>​ ​</td><td>156</td><td>​ ​</td></tr><tr><td>Accrued voyage costs</td><td>​ ​</td><td></td><td>56</td><td>​ ​</td><td></td><td>61</td><td>​ ​</td></tr><tr><td>Other current liabilities</td><td>​ ​</td><td></td><td>298</td><td>​ ​</td><td></td><td>198</td><td>​ ​</td></tr><tr><td>Total current liabilities</td><td>​ ​</td><td></td><td>1,335</td><td>​ ​</td><td></td><td>1,529</td><td>​ ​</td></tr><tr><td>Long-term debt, less current maturities</td><td>​ ​</td><td></td><td>997</td><td>​ ​</td><td></td><td>702</td><td>​ ​</td></tr><tr><td>Long-term operating lease liabilities</td><td>​ ​</td><td>​ ​</td><td>304</td><td>​ ​</td><td>​ ​</td><td>318</td><td>​ ​</td></tr><tr><td>Accrued pension liability</td><td>​ ​</td><td></td><td>74</td><td>​ ​</td><td></td><td>71</td><td>​ ​</td></tr><tr><td>Deferred tax liability</td><td>​ ​</td><td></td><td>32</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Other non-current liabilities</td><td>​ ​</td><td></td><td>190</td><td>​ ​</td><td></td><td>268</td><td>​ ​</td></tr><tr><td>Total liabilities</td><td>​ ​</td><td></td><td>2,932</td><td>​ ​</td><td></td><td>2,888</td><td>​ ​</td></tr><tr><td>Commitments and contingent liabilities</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Stockholders’ equity:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Common stock of $ 1 par value. Authorized 1,250,000 shares; issued and outstanding 971,055 and 1,160,779 shares in 2023 and 2022, respectively issued issued outstanding outstanding</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Accumulated other comprehensive loss</td><td>​ ​</td><td></td><td>( 410 )</td><td>​ ​</td><td></td><td>( 422 )</td><td>​ ​</td></tr><tr><td>Retained earnings</td><td>​ ​</td><td></td><td>5,025</td><td>​ ​</td><td></td><td>5,417</td><td>​ ​</td></tr><tr><td>Total Seaboard stockholders’ equity</td><td>​ ​</td><td></td><td>4,616</td><td>​ ​</td><td></td><td>4,996</td><td>​ ​</td></tr><tr><td>Noncontrolling interests</td><td>​ ​</td><td></td><td>18</td><td>​ ​</td><td></td><td>18</td><td>​ ​</td></tr><tr><td>Total equity</td><td>​ ​</td><td></td><td>4,634</td><td>​ ​</td><td></td><td>5,014</td><td>​ ​</td></tr><tr><td>Total liabilities and equity</td><td>​ ​</td><td>$</td><td>7,566</td><td>​ ​</td><td>$</td><td>7,902</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
7902
monetaryItemType
table: <entity> 7902 </entity> <entity type> monetaryItemType </entity type> <context> Total assets | ​ ​ | $ | 7,566 | ​ ​ | $ | 7,902 | ​ ​ </context>
us-gaap:LiabilitiesAndStockholdersEquity
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Balances, January 1, 2021 | $ | 1 | ​ ​ | $ | ( 471 ) | ​ ​ | $ | 4,287 | ​ ​ | $ | 11 | ​ ​ | $ | 3,828 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
471
monetaryItemType
table: <entity> 471 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
4287
monetaryItemType
table: <entity> 4287 </entity> <entity type> monetaryItemType </entity type> <context> Balances, January 1, 2021 | $ | 1 | ​ ​ | $ | ( 471 ) | ​ ​ | $ | 4,287 | ​ ​ | $ | 11 | ​ ​ | $ | 3,828 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
11
monetaryItemType
table: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> Balances, January 1, 2021 | $ | 1 | ​ ​ | $ | ( 471 ) | ​ ​ | $ | 4,287 | ​ ​ | $ | 11 | ​ ​ | $ | 3,828 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
3828
monetaryItemType
table: <entity> 3828 </entity> <entity type> monetaryItemType </entity type> <context> Balances, January 1, 2021 | $ | 1 | ​ ​ | $ | ( 471 ) | ​ ​ | $ | 4,287 | ​ ​ | $ | 11 | ​ ​ | $ | 3,828 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
570
monetaryItemType
table: <entity> 570 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 570 | ​ ​ | 1 | ​ ​ | 571 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Balances, January 1, 2021 | $ | 1 | ​ ​ | $ | ( 471 ) | ​ ​ | $ | 4,287 | ​ ​ | $ | 11 | ​ ​ | $ | 3,828 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
571
monetaryItemType
table: <entity> 571 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 570 | ​ ​ | 1 | ​ ​ | 571 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
39
monetaryItemType
table: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> Other comprehensive income, net of tax | ​ ​ | ​ ​ | — | ​ ​ | 39 | ​ ​ | ​ ​ | — | ​ ​ | — | ​ ​ | 39 | ​ ​ </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTax
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
6
monetaryItemType
table: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Acquisition of noncontrolling interests | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | 6 | ​ ​ | ​ ​ | 6 | ​ ​ </context>
us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
9.00
perShareItemType
table: <entity> 9.00 </entity> <entity type> perShareItemType </entity type> <context> None </context>
us-gaap:CommonStockDividendsPerShareCashPaid
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
10
monetaryItemType
table: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Other comprehensive income, net of tax | ​ ​ | ​ ​ | — | ​ ​ | 10 | ​ ​ | ​ ​ | — | ​ ​ | — | ​ ​ | 10 | ​ ​ </context>
us-gaap:DividendsCommonStock
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
432
monetaryItemType
table: <entity> 432 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
4847
monetaryItemType
table: <entity> 4847 </entity> <entity type> monetaryItemType </entity type> <context> Balances, December 31, 2021 | ​ ​ | 1 | ​ ​ | ​ ​ | ( 432 ) | ​ ​ | ​ ​ | 4,847 | ​ ​ | ​ ​ | 18 | ​ ​ | ​ ​ | 4,434 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
18
monetaryItemType
table: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> Balances, December 31, 2021 | ​ ​ | 1 | ​ ​ | ​ ​ | ( 432 ) | ​ ​ | ​ ​ | 4,847 | ​ ​ | ​ ​ | 18 | ​ ​ | ​ ​ | 4,434 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
4434
monetaryItemType
table: <entity> 4434 </entity> <entity type> monetaryItemType </entity type> <context> Balances, December 31, 2021 | ​ ​ | 1 | ​ ​ | ​ ​ | ( 432 ) | ​ ​ | ​ ​ | 4,847 | ​ ​ | ​ ​ | 18 | ​ ​ | ​ ​ | 4,434 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
580
monetaryItemType
table: <entity> 580 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 580 | ​ ​ | 2 | ​ ​ | 582 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 580 | ​ ​ | 2 | ​ ​ | 582 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
582
monetaryItemType
table: <entity> 582 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 580 | ​ ​ | 2 | ​ ​ | 582 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
10
monetaryItemType
table: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Other comprehensive income, net of tax | ​ ​ | ​ ​ | — | ​ ​ | 10 | ​ ​ | ​ ​ | — | ​ ​ | — | ​ ​ | 10 | ​ ​ </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTax
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 580 | ​ ​ | 2 | ​ ​ | 582 | ​ ​ </context>
us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
422
monetaryItemType
table: <entity> 422 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
5417
monetaryItemType
table: <entity> 5417 </entity> <entity type> monetaryItemType </entity type> <context> Balances, December 31, 2022 | ​ ​ | ​ ​ | 1 | ​ ​ | ​ ​ | ( 422 ) | ​ ​ | ​ ​ | 5,417 | ​ ​ | ​ ​ | 18 | ​ ​ | ​ ​ | 5,014 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
5014
monetaryItemType
table: <entity> 5014 </entity> <entity type> monetaryItemType </entity type> <context> Balances, December 31, 2022 | ​ ​ | ​ ​ | 1 | ​ ​ | ​ ​ | ( 422 ) | ​ ​ | ​ ​ | 5,417 | ​ ​ | ​ ​ | 18 | ​ ​ | ​ ​ | 5,014 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
226
monetaryItemType
table: <entity> 226 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 226 | ​ ​ | 1 | ​ ​ | 227 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
227
monetaryItemType
table: <entity> 227 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | — | ​ ​ | 226 | ​ ​ | 1 | ​ ​ | 227 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
12
monetaryItemType
table: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Other comprehensive income, net of tax | ​ ​ | ​ ​ | — | ​ ​ | 12 | ​ ​ | ​ ​ | — | ​ ​ | — | ​ ​ | 12 | ​ ​ </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTax
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Balances, January 1, 2021 | $ | 1 | ​ ​ | $ | ( 471 ) | ​ ​ | $ | 4,287 | ​ ​ | $ | 11 | ​ ​ | $ | 3,828 | ​ ​ </context>
us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
410
monetaryItemType
table: <entity> 410 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
5025
monetaryItemType
table: <entity> 5025 </entity> <entity type> monetaryItemType </entity type> <context> Balances, December 31, 2023 | ​ ​ | $ | 1 | ​ ​ | $ | ( 410 ) | ​ ​ | $ | 5,025 | ​ ​ | $ | 18 | ​ ​ | $ | 4,634 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Accumulated</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>Other</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>​ ​</td><td>​ ​</td><td>Common</td><td>​ ​</td><td>​ ​</td><td>Comprehensive</td><td>​ ​</td><td>Retained</td><td>​ ​</td><td>Noncontrolling</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td></td></tr><tr><td>(Millions of dollars except per share amounts)</td><td>​ ​</td><td>Stock</td><td>​ ​</td><td>​ ​</td><td>Loss</td><td>​ ​</td><td>Earnings</td><td>​ ​</td><td>Interests</td><td>​ ​</td><td>Total</td><td>​ ​</td></tr><tr><td>Balances, January 1, 2021</td><td></td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 471 )</td><td>​ ​</td><td>$</td><td>4,287</td><td>​ ​</td><td>$</td><td>11</td><td>​ ​</td><td>$</td><td>3,828</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>570</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>571</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Acquisition of noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td><td>​ ​</td><td>6</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2021</td><td></td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 432 )</td><td>​ ​</td><td>​ ​</td><td>4,847</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>4,434</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>580</td><td>​ ​</td><td></td><td>2</td><td>​ ​</td><td></td><td>582</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>10</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td><td>​ ​</td><td>( 2 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2022</td><td>​ ​</td><td>​ ​</td><td>1</td><td>​ ​</td><td>​ ​</td><td>( 422 )</td><td>​ ​</td><td>​ ​</td><td>5,417</td><td>​ ​</td><td>​ ​</td><td>18</td><td>​ ​</td><td>​ ​</td><td>5,014</td><td>​ ​</td></tr><tr><td>Comprehensive income:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>226</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>227</td><td>​ ​</td></tr><tr><td>Other comprehensive income, net of tax</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>12</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td></td><td>( 608 )</td><td>​ ​</td></tr><tr><td>Distributions to noncontrolling interests</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td><td>​ ​</td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Dividends on common stock, $ 9.00 /share</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Balances, December 31, 2023</td><td>​ ​</td><td>$</td><td>1</td><td>​ ​</td><td>$</td><td>( 410 )</td><td>​ ​</td><td>$</td><td>5,025</td><td>​ ​</td><td>$</td><td>18</td><td>​ ​</td><td>$</td><td>4,634</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
4634
monetaryItemType
table: <entity> 4634 </entity> <entity type> monetaryItemType </entity type> <context> Balances, December 31, 2023 | ​ ​ | $ | 1 | ​ ​ | $ | ( 410 ) | ​ ​ | $ | 5,025 | ​ ​ | $ | 18 | ​ ​ | $ | 4,634 | ​ ​ </context>
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
227
monetaryItemType
table: <entity> 227 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | $ | 227 | ​ ​ | $ | 582 | ​ ​ | $ | 571 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
582
monetaryItemType
table: <entity> 582 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | $ | 227 | ​ ​ | $ | 582 | ​ ​ | $ | 571 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
571
monetaryItemType
table: <entity> 571 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | ​ ​ | $ | 227 | ​ ​ | $ | 582 | ​ ​ | $ | 571 | ​ ​ </context>
us-gaap:ProfitLoss
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
283
monetaryItemType
table: <entity> 283 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation and amortization | ​ ​ | 283 | ​ ​ | 235 | ​ ​ | 178 | ​ ​ </context>
us-gaap:DepreciationDepletionAndAmortization
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
235
monetaryItemType
table: <entity> 235 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation and amortization | ​ ​ | 283 | ​ ​ | 235 | ​ ​ | 178 | ​ ​ </context>
us-gaap:DepreciationDepletionAndAmortization
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
178
monetaryItemType
table: <entity> 178 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation and amortization | ​ ​ | 283 | ​ ​ | 235 | ​ ​ | 178 | ​ ​ </context>
us-gaap:DepreciationDepletionAndAmortization
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
154
monetaryItemType
table: <entity> 154 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:DeferredIncomeTaxExpenseBenefit
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
112
monetaryItemType
table: <entity> 112 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:DeferredIncomeTaxExpenseBenefit
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
12
monetaryItemType
table: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:DeferredIncomeTaxExpenseBenefit
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
105
monetaryItemType
table: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncomeLossFromEquityMethodInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
152
monetaryItemType
table: <entity> 152 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncomeLossFromEquityMethodInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
7
monetaryItemType
table: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncomeLossFromEquityMethodInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
117
monetaryItemType
table: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> Dividends received from affiliates | ​ ​ | 117 | ​ ​ | 40 | ​ ​ | 44 | ​ ​ </context>
us-gaap:EquityMethodInvestmentDividendsOrDistributions
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
40
monetaryItemType
table: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> Dividends received from affiliates | ​ ​ | 117 | ​ ​ | 40 | ​ ​ | 44 | ​ ​ </context>
us-gaap:EquityMethodInvestmentDividendsOrDistributions
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
44
monetaryItemType
table: <entity> 44 </entity> <entity type> monetaryItemType </entity type> <context> Dividends received from affiliates | ​ ​ | 117 | ​ ​ | 40 | ​ ​ | 44 | ​ ​ </context>
us-gaap:EquityMethodInvestmentDividendsOrDistributions
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
16
monetaryItemType
table: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentForContingentConsiderationLiabilityOperatingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
23
monetaryItemType
table: <entity> 23 </entity> <entity type> monetaryItemType </entity type> <context> Other, net | ​ ​ | 23 | ​ ​ | 39 | ​ ​ | 43 | ​ ​ </context>
us-gaap:OtherNoncashIncomeExpense
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
39
monetaryItemType
table: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> Other, net | ​ ​ | 23 | ​ ​ | 39 | ​ ​ | 43 | ​ ​ </context>
us-gaap:OtherNoncashIncomeExpense
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
43
monetaryItemType
table: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> Other, net | ​ ​ | 23 | ​ ​ | 39 | ​ ​ | 43 | ​ ​ </context>
us-gaap:OtherNoncashIncomeExpense
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
176
monetaryItemType
table: <entity> 176 </entity> <entity type> monetaryItemType </entity type> <context> Receivables, net of allowance | ​ ​ | 176 | ​ ​ | ( 188 ) | ​ ​ | ( 228 ) | ​ ​ </context>
us-gaap:IncreaseDecreaseInReceivables
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
188
monetaryItemType
table: <entity> 188 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInReceivables
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
228
monetaryItemType
table: <entity> 228 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInReceivables
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
200
monetaryItemType
table: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> Inventories | ​ ​ | 200 | ​ ​ | ( 20 ) | ​ ​ | ( 462 ) | ​ ​ </context>
us-gaap:IncreaseDecreaseInInventories
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
20
monetaryItemType
table: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInInventories
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
462
monetaryItemType
table: <entity> 462 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInInventories
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
3
monetaryItemType
table: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Other assets | ​ ​ | 3 | ​ ​ | ( 7 ) | ​ ​ | ( 20 ) | ​ ​ </context>
us-gaap:IncreaseDecreaseInOtherCurrentAssets
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
7
monetaryItemType
table: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInOtherCurrentAssets
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
20
monetaryItemType
table: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInOtherCurrentAssets
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
32
monetaryItemType
table: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInAccountsPayable
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
26
monetaryItemType
table: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Accounts payable | ​ ​ | ​ ​ | ( 32 ) | ​ ​ | ​ ​ | 26 | ​ ​ | ​ ​ | 117 | ​ ​ </context>
us-gaap:IncreaseDecreaseInAccountsPayable
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
117
monetaryItemType
table: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> Dividends received from affiliates | ​ ​ | 117 | ​ ​ | 40 | ​ ​ | 44 | ​ ​ </context>
us-gaap:IncreaseDecreaseInAccountsPayable
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
73
monetaryItemType
table: <entity> 73 </entity> <entity type> monetaryItemType </entity type> <context> Other liabilities, exclusive of debt | ​ ​ | 73 | ​ ​ | ( 6 ) | ​ ​ | 1 | ​ ​ </context>
us-gaap:IncreaseDecreaseInOtherOperatingLiabilities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
6
monetaryItemType
table: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncreaseDecreaseInOtherOperatingLiabilities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Other liabilities, exclusive of debt | ​ ​ | 73 | ​ ​ | ( 6 ) | ​ ​ | 1 | ​ ​ </context>
us-gaap:IncreaseDecreaseInOtherOperatingLiabilities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
710
monetaryItemType
table: <entity> 710 </entity> <entity type> monetaryItemType </entity type> <context> Net cash from operating activities | ​ ​ | 710 | ​ ​ | 676 | ​ ​ | 92 | ​ ​ </context>
us-gaap:NetCashProvidedByUsedInOperatingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
676
monetaryItemType
table: <entity> 676 </entity> <entity type> monetaryItemType </entity type> <context> Net cash from operating activities | ​ ​ | 710 | ​ ​ | 676 | ​ ​ | 92 | ​ ​ </context>
us-gaap:NetCashProvidedByUsedInOperatingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
92
monetaryItemType
table: <entity> 92 </entity> <entity type> monetaryItemType </entity type> <context> Net cash from operating activities | ​ ​ | 710 | ​ ​ | 676 | ​ ​ | 92 | ​ ​ </context>
us-gaap:NetCashProvidedByUsedInOperatingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
2519
monetaryItemType
table: <entity> 2519 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireShortTermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
567
monetaryItemType
table: <entity> 567 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireShortTermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
2031
monetaryItemType
table: <entity> 2031 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireShortTermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
2686
monetaryItemType
table: <entity> 2686 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from sale of short-term investments | ​ ​ | 2,686 | ​ ​ | 717 | ​ ​ | 2,202 | ​ ​ </context>
us-gaap:ProceedsFromSaleOfShortTermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
717
monetaryItemType
table: <entity> 717 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from sale of short-term investments | ​ ​ | 2,686 | ​ ​ | 717 | ​ ​ | 2,202 | ​ ​ </context>
us-gaap:ProceedsFromSaleOfShortTermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
2202
monetaryItemType
table: <entity> 2202 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from sale of short-term investments | ​ ​ | 2,686 | ​ ​ | 717 | ​ ​ | 2,202 | ​ ​ </context>
us-gaap:ProceedsFromSaleOfShortTermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
60
monetaryItemType
table: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from maturity of short-term investments | ​ ​ | 60 | ​ ​ | 15 | ​ ​ | 26 | ​ ​ </context>
us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
15
monetaryItemType
table: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from maturity of short-term investments | ​ ​ | 60 | ​ ​ | 15 | ​ ​ | 26 | ​ ​ </context>
us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
26
monetaryItemType
table: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Accounts payable | ​ ​ | ​ ​ | ( 32 ) | ​ ​ | ​ ​ | 26 | ​ ​ | ​ ​ | 117 | ​ ​ </context>
us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
506
monetaryItemType
table: <entity> 506 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
474
monetaryItemType
table: <entity> 474 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
460
monetaryItemType
table: <entity> 460 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
34
monetaryItemType
table: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from sale of property, plant and equipment | ​ ​ | 34 | ​ ​ | 29 | ​ ​ | 39 | ​ ​ </context>
us-gaap:ProceedsFromSaleOfProductiveAssets
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
29
monetaryItemType
table: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from sale of property, plant and equipment | ​ ​ | 34 | ​ ​ | 29 | ​ ​ | 39 | ​ ​ </context>
us-gaap:ProceedsFromSaleOfProductiveAssets
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
39
monetaryItemType
table: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> Other, net | ​ ​ | 23 | ​ ​ | 39 | ​ ​ | 43 | ​ ​ </context>
us-gaap:ProceedsFromSaleOfProductiveAssets
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
16
monetaryItemType
table: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireLongtermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
117
monetaryItemType
table: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> Dividends received from affiliates | ​ ​ | 117 | ​ ​ | 40 | ​ ​ | 44 | ​ ​ </context>
us-gaap:PaymentsToAcquireLongtermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
98
monetaryItemType
table: <entity> 98 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireLongtermInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
58
monetaryItemType
table: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
7
monetaryItemType
table: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
13
monetaryItemType
table: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from sale of non-consolidated affiliates | ​ ​ | — | ​ ​ | 13 | ​ ​ | — | ​ ​ </context>
us-gaap:ProceedsFromSaleOfEquityMethodInvestments
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
17
monetaryItemType
table: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from the sale of subsidiaries, net of cash sold | ​ ​ | ​ ​ | — | ​ ​ | ​ ​ | 17 | ​ ​ | ​ ​ | — | ​ ​ </context>
us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
11
monetaryItemType
table: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
4
monetaryItemType
table: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Other liabilities, exclusive of debt | ​ ​ | 73 | ​ ​ | ( 6 ) | ​ ​ | 1 | ​ ​ </context>
us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Other liabilities, exclusive of debt | ​ ​ | 73 | ​ ​ | ( 6 ) | ​ ​ | 1 | ​ ​ </context>
us-gaap:PaymentsForProceedsFromOtherInvestingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
8
monetaryItemType
table: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsForProceedsFromOtherInvestingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
28
monetaryItemType
table: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> Other, net | ​ ​ | ( 1 ) | ​ ​ | ( 8 ) | ​ ​ | 28 | ​ ​ </context>
us-gaap:PaymentsForProceedsFromOtherInvestingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
273
monetaryItemType
table: <entity> 273 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:NetCashProvidedByUsedInInvestingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
437
monetaryItemType
table: <entity> 437 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:NetCashProvidedByUsedInInvestingActivities
<table><tr><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td><td>​ ​ ​ ​</td></tr><tr><td>​ ​</td><td></td><td>Years ended December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td><td></td><td>2021</td><td></td></tr><tr><td>Cash flows from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Net earnings</td><td>​ ​</td><td>$</td><td>227</td><td>​ ​</td><td>$</td><td>582</td><td>​ ​</td><td>$</td><td>571</td><td>​ ​</td></tr><tr><td>Adjustments to reconcile net earnings to cash from operating activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Depreciation and amortization</td><td>​ ​</td><td></td><td>283</td><td>​ ​</td><td></td><td>235</td><td>​ ​</td><td></td><td>178</td><td>​ ​</td></tr><tr><td>Deferred income taxes</td><td>​ ​</td><td></td><td>( 154 )</td><td>​ ​</td><td></td><td>( 112 )</td><td>​ ​</td><td></td><td>( 12 )</td><td>​ ​</td></tr><tr><td>Income from affiliates</td><td>​ ​</td><td></td><td>( 105 )</td><td>​ ​</td><td></td><td>( 152 )</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Other investment loss (income), net</td><td>​ ​</td><td></td><td>( 85 )</td><td>​ ​</td><td></td><td>239</td><td>​ ​</td><td></td><td>( 133 )</td><td>​ ​</td></tr><tr><td>Dividends received from affiliates</td><td>​ ​</td><td></td><td>117</td><td>​ ​</td><td></td><td>40</td><td>​ ​</td><td></td><td>44</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration in excess of acquisition date fair value</td><td>​ ​</td><td>​ ​</td><td>( 16 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>23</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td><td></td><td>43</td><td>​ ​</td></tr><tr><td>Changes in assets and liabilities, net of acquisitions and dispositions:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Receivables, net of allowance</td><td>​ ​</td><td></td><td>176</td><td>​ ​</td><td></td><td>( 188 )</td><td>​ ​</td><td></td><td>( 228 )</td><td>​ ​</td></tr><tr><td>Inventories</td><td>​ ​</td><td></td><td>200</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td><td></td><td>( 462 )</td><td>​ ​</td></tr><tr><td>Other assets</td><td>​ ​</td><td></td><td>3</td><td>​ ​</td><td></td><td>( 7 )</td><td>​ ​</td><td></td><td>( 20 )</td><td>​ ​</td></tr><tr><td>Accounts payable</td><td>​ ​</td><td>​ ​</td><td>( 32 )</td><td>​ ​</td><td>​ ​</td><td>26</td><td>​ ​</td><td>​ ​</td><td>117</td><td>​ ​</td></tr><tr><td>Other liabilities, exclusive of debt</td><td>​ ​</td><td></td><td>73</td><td>​ ​</td><td></td><td>( 6 )</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td></tr><tr><td>Net cash from operating activities</td><td>​ ​</td><td></td><td>710</td><td>​ ​</td><td></td><td>676</td><td>​ ​</td><td></td><td>92</td><td>​ ​</td></tr><tr><td>Cash flows from investing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Purchase of short-term investments</td><td>​ ​</td><td></td><td>( 2,519 )</td><td>​ ​</td><td></td><td>( 567 )</td><td>​ ​</td><td></td><td>( 2,031 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of short-term investments</td><td>​ ​</td><td></td><td>2,686</td><td>​ ​</td><td></td><td>717</td><td>​ ​</td><td></td><td>2,202</td><td>​ ​</td></tr><tr><td>Proceeds from maturity of short-term investments</td><td>​ ​</td><td></td><td>60</td><td>​ ​</td><td></td><td>15</td><td>​ ​</td><td></td><td>26</td><td>​ ​</td></tr><tr><td>Capital expenditures</td><td>​ ​</td><td></td><td>( 506 )</td><td>​ ​</td><td></td><td>( 474 )</td><td>​ ​</td><td></td><td>( 460 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of property, plant and equipment</td><td>​ ​</td><td></td><td>34</td><td>​ ​</td><td></td><td>29</td><td>​ ​</td><td></td><td>39</td><td>​ ​</td></tr><tr><td>Purchase of long-term investments</td><td>​ ​</td><td></td><td>( 16 )</td><td>​ ​</td><td></td><td>( 117 )</td><td>​ ​</td><td></td><td>( 98 )</td><td>​ ​</td></tr><tr><td>Acquisition of businesses</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>( 58 )</td><td>​ ​</td><td>​ ​</td><td>( 7 )</td><td>​ ​</td></tr><tr><td>Proceeds from sale of non-consolidated affiliates</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>13</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Proceeds from the sale of subsidiaries, net of cash sold</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>17</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Investments in and advances to affiliates</td><td>​ ​</td><td></td><td>( 11 )</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>28</td><td>​ ​</td></tr><tr><td>Net cash from investing activities</td><td>​ ​</td><td></td><td>( 273 )</td><td>​ ​</td><td></td><td>( 437 )</td><td>​ ​</td><td></td><td>( 302 )</td><td>​ ​</td></tr><tr><td>Cash flows from financing activities:</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td><td>​ ​</td></tr><tr><td>Uncommitted lines of credit, net</td><td>​ ​</td><td></td><td>( 172 )</td><td>​ ​</td><td></td><td>( 27 )</td><td>​ ​</td><td></td><td>135</td><td>​ ​</td></tr><tr><td>Draws under committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>1,173</td><td>​ ​</td><td>​ ​</td><td>1,215</td><td>​ ​</td><td>​ ​</td><td>672</td><td>​ ​</td></tr><tr><td>Repayments of committed lines of credit</td><td>​ ​</td><td>​ ​</td><td>( 1,199 )</td><td>​ ​</td><td>​ ​</td><td>( 1,241 )</td><td>​ ​</td><td>​ ​</td><td>( 515 )</td><td>​ ​</td></tr><tr><td>Proceeds from long-term debt</td><td>​ ​</td><td></td><td>310</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Principal payments of long-term debt</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 8 )</td><td>​ ​</td><td></td><td>( 55 )</td><td>​ ​</td></tr><tr><td>Finance lease payments</td><td>​ ​</td><td>​ ​</td><td>( 57 )</td><td>​ ​</td><td>​ ​</td><td>( 44 )</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td></tr><tr><td>Payment of contingent consideration</td><td>​ ​</td><td>​ ​</td><td>( 14 )</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td><td>​ ​</td><td>—</td><td>​ ​</td></tr><tr><td>Repurchase of common stock from affiliates</td><td>​ ​</td><td></td><td>( 600 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Dividends paid</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td><td></td><td>( 10 )</td><td>​ ​</td></tr><tr><td>Other, net</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td><td></td><td>( 2 )</td><td>​ ​</td><td></td><td>—</td><td>​ ​</td></tr><tr><td>Net cash from financing activities</td><td>​ ​</td><td></td><td>( 581 )</td><td>​ ​</td><td></td><td>( 116 )</td><td>​ ​</td><td></td><td>213</td><td>​ ​</td></tr><tr><td>Effect of exchange rate changes on cash and cash equivalents</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>1</td><td>​ ​</td><td></td><td>( 4 )</td><td>​ ​</td></tr><tr><td>Net change in cash and cash equivalents</td><td>​ ​</td><td></td><td>( 143 )</td><td>​ ​</td><td></td><td>124</td><td>​ ​</td><td></td><td>( 1 )</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at beginning of year</td><td>​ ​</td><td></td><td>199</td><td>​ ​</td><td></td><td>75</td><td>​ ​</td><td></td><td>76</td><td>​ ​</td></tr><tr><td>Cash and cash equivalents at end of year</td><td>​ ​</td><td>$</td><td>56</td><td>​ ​</td><td>$</td><td>199</td><td>​ ​</td><td>$</td><td>75</td><td>​ ​</td></tr><tr><td>See accompanying notes to consolidated financial statements.</td></tr></table>
table
302
monetaryItemType
table: <entity> 302 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:NetCashProvidedByUsedInInvestingActivities