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<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 | 1173 | monetaryItemType | table: <entity> 1173 </entity> <entity type> monetaryItemType </entity type> <context> Draws under committed lines of credit | | | 1,173 | | | 1,215 | | | 672 | </context> | us-gaap:ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths |
<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 | 1215 | monetaryItemType | table: <entity> 1215 </entity> <entity type> monetaryItemType </entity type> <context> Draws under committed lines of credit | | | 1,173 | | | 1,215 | | | 672 | </context> | us-gaap:ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths |
<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 | 672 | monetaryItemType | table: <entity> 672 </entity> <entity type> monetaryItemType </entity type> <context> Draws under committed lines of credit | | | 1,173 | | | 1,215 | | | 672 | </context> | us-gaap:ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths |
<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 | 1199 | monetaryItemType | table: <entity> 1199 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths |
<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 | 1241 | monetaryItemType | table: <entity> 1241 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths |
<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 | 515 | monetaryItemType | table: <entity> 515 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths |
<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 | 310 | monetaryItemType | table: <entity> 310 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from long-term debt | | 310 | | 1 | | — | </context> | us-gaap:ProceedsFromIssuanceOfLongTermDebt |
<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:ProceedsFromIssuanceOfLongTermDebt |
<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:RepaymentsOfLongTermDebt |
<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 | 55 | monetaryItemType | table: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:RepaymentsOfLongTermDebt |
<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 | 57 | monetaryItemType | table: <entity> 57 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:FinanceLeasePrincipalPayments |
<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:FinanceLeasePrincipalPayments |
<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 | 14 | monetaryItemType | table: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:FinanceLeasePrincipalPayments |
<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 | 14 | monetaryItemType | table: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities |
<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 | 600 | monetaryItemType | table: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:PaymentsForRepurchaseOfCommonStock |
<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 | 10 | monetaryItemType | table: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:PaymentsOfDividendsCommonStock |
<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:ProceedsFromPaymentsForOtherFinancingActivities |
<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 | 2 | monetaryItemType | table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:ProceedsFromPaymentsForOtherFinancingActivities |
<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 | 581 | monetaryItemType | table: <entity> 581 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:NetCashProvidedByUsedInFinancingActivities |
<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 | 116 | monetaryItemType | table: <entity> 116 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:NetCashProvidedByUsedInFinancingActivities |
<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 | 213 | monetaryItemType | table: <entity> 213 </entity> <entity type> monetaryItemType </entity type> <context> Net cash from financing activities | | ( 581 ) | | ( 116 ) | | 213 | </context> | us-gaap:NetCashProvidedByUsedInFinancingActivities |
<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:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations |
<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:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations |
<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 | 143 | monetaryItemType | table: <entity> 143 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
<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 | 124 | monetaryItemType | table: <entity> 124 </entity> <entity type> monetaryItemType </entity type> <context> Net change in cash and cash equivalents | | ( 143 ) | | 124 | | ( 1 ) | </context> | us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
<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:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
<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 | 199 | monetaryItemType | table: <entity> 199 </entity> <entity type> monetaryItemType </entity type> <context> Cash and cash equivalents at beginning of year | | 199 | | 75 | | 76 | </context> | us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
<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 | 75 | monetaryItemType | table: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> Cash and cash equivalents at beginning of year | | 199 | | 75 | | 76 | </context> | us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
<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 | 76 | monetaryItemType | table: <entity> 76 </entity> <entity type> monetaryItemType </entity type> <context> Cash and cash equivalents at beginning of year | | 199 | | 75 | | 76 | </context> | us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
<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 | 56 | monetaryItemType | table: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> Cash and cash equivalents at end of year | | $ | 56 | | $ | 199 | | $ | 75 | </context> | us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Years ended December 31,</td><td> </td></tr><tr><td>(Millions of dollars)</td><td>2023</td><td> </td><td>2022</td><td> </td><td>2021</td><td> </td></tr><tr><td>Interest, net of interest capitalized</td><td>$</td><td>56</td><td> </td><td>$</td><td>35</td><td> </td><td>$</td><td>10</td><td> </td></tr><tr><td>Income taxes, net of refunds</td><td></td><td>47</td><td> </td><td></td><td>101</td><td> </td><td></td><td>104</td><td> </td></tr></table> | table | 56 | monetaryItemType | table: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> Interest, net of interest capitalized | $ | 56 | | $ | 35 | | $ | 10 | </context> | us-gaap:InterestPaidNet |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Years ended December 31,</td><td> </td></tr><tr><td>(Millions of dollars)</td><td>2023</td><td> </td><td>2022</td><td> </td><td>2021</td><td> </td></tr><tr><td>Interest, net of interest capitalized</td><td>$</td><td>56</td><td> </td><td>$</td><td>35</td><td> </td><td>$</td><td>10</td><td> </td></tr><tr><td>Income taxes, net of refunds</td><td></td><td>47</td><td> </td><td></td><td>101</td><td> </td><td></td><td>104</td><td> </td></tr></table> | table | 35 | monetaryItemType | table: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> Interest, net of interest capitalized | $ | 56 | | $ | 35 | | $ | 10 | </context> | us-gaap:InterestPaidNet |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Years ended December 31,</td><td> </td></tr><tr><td>(Millions of dollars)</td><td>2023</td><td> </td><td>2022</td><td> </td><td>2021</td><td> </td></tr><tr><td>Interest, net of interest capitalized</td><td>$</td><td>56</td><td> </td><td>$</td><td>35</td><td> </td><td>$</td><td>10</td><td> </td></tr><tr><td>Income taxes, net of refunds</td><td></td><td>47</td><td> </td><td></td><td>101</td><td> </td><td></td><td>104</td><td> </td></tr></table> | table | 10 | monetaryItemType | table: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Interest, net of interest capitalized | $ | 56 | | $ | 35 | | $ | 10 | </context> | us-gaap:InterestPaidNet |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Years ended December 31,</td><td> </td></tr><tr><td>(Millions of dollars)</td><td>2023</td><td> </td><td>2022</td><td> </td><td>2021</td><td> </td></tr><tr><td>Interest, net of interest capitalized</td><td>$</td><td>56</td><td> </td><td>$</td><td>35</td><td> </td><td>$</td><td>10</td><td> </td></tr><tr><td>Income taxes, net of refunds</td><td></td><td>47</td><td> </td><td></td><td>101</td><td> </td><td></td><td>104</td><td> </td></tr></table> | table | 47 | monetaryItemType | table: <entity> 47 </entity> <entity type> monetaryItemType </entity type> <context> Income taxes, net of refunds | 47 | | 101 | | 104 | </context> | us-gaap:IncomeTaxesPaidNet |
<table><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Years ended December 31,</td><td> </td></tr><tr><td>(Millions of dollars)</td><td>2023</td><td> </td><td>2022</td><td> </td><td>2021</td><td> </td></tr><tr><td>Interest, net of interest capitalized</td><td>$</td><td>56</td><td> </td><td>$</td><td>35</td><td> </td><td>$</td><td>10</td><td> </td></tr><tr><td>Income taxes, net of refunds</td><td></td><td>47</td><td> </td><td></td><td>101</td><td> </td><td></td><td>104</td><td> </td></tr></table> | table | 101 | monetaryItemType | table: <entity> 101 </entity> <entity type> monetaryItemType </entity type> <context> Income taxes, net of refunds | 47 | | 101 | | 104 | </context> | us-gaap:IncomeTaxesPaidNet |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Years ended December 31,</td><td> </td></tr><tr><td>(Millions of dollars)</td><td>2023</td><td> </td><td>2022</td><td> </td><td>2021</td><td> </td></tr><tr><td>Interest, net of interest capitalized</td><td>$</td><td>56</td><td> </td><td>$</td><td>35</td><td> </td><td>$</td><td>10</td><td> </td></tr><tr><td>Income taxes, net of refunds</td><td></td><td>47</td><td> </td><td></td><td>101</td><td> </td><td></td><td>104</td><td> </td></tr></table> | table | 104 | monetaryItemType | table: <entity> 104 </entity> <entity type> monetaryItemType </entity type> <context> Income taxes, net of refunds | 47 | | 101 | | 104 | </context> | us-gaap:IncomeTaxesPaidNet |
<table><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td></td><td>Balance at</td><td> </td><td></td><td> </td><td> </td><td></td><td> </td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td> </td><td>Provision (a)</td><td> </td><td> </td><td>Net deductions (b)</td><td> </td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Credit Losses:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Year Ended December 31, 2023</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>5</td><td> </td><td> </td><td>( 6 )</td><td> </td><td> </td><td>$</td><td>30</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>7</td><td> </td><td></td><td>( 7 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>28</td><td> </td><td> </td><td>5</td><td> </td><td></td><td>( 2 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr></table> | table | 31 | monetaryItemType | table: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2023 | | $ | 31 | | | 5 | | ( 6 ) | | | $ | 30 | </context> | us-gaap:ValuationAllowancesAndReservesBalance |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td> </td><td></td><td> </td><td> </td><td></td><td> </td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td> </td><td>Provision (a)</td><td> </td><td> </td><td>Net deductions (b)</td><td> </td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Credit Losses:</td><td> </td><td> </td><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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>5</td><td> </td><td> </td><td>( 6 )</td><td> </td><td> </td><td>$</td><td>30</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>7</td><td> </td><td></td><td>( 7 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>28</td><td> </td><td> </td><td>5</td><td> </td><td></td><td>( 2 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr></table> | table | 5 | monetaryItemType | table: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2023 | | $ | 31 | | | 5 | | ( 6 ) | | | $ | 30 | </context> | us-gaap:ValuationAllowancesAndReservesChargedToCostAndExpense |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td> </td><td></td><td> </td><td> </td><td></td><td> </td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td> </td><td>Provision (a)</td><td> </td><td> </td><td>Net deductions (b)</td><td> </td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Credit Losses:</td><td> </td><td> </td><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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>5</td><td> </td><td> </td><td>( 6 )</td><td> </td><td> </td><td>$</td><td>30</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>7</td><td> </td><td></td><td>( 7 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>28</td><td> </td><td> </td><td>5</td><td> </td><td></td><td>( 2 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr></table> | table | 30 | monetaryItemType | table: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2023 | | $ | 31 | | | 5 | | ( 6 ) | | | $ | 30 | </context> | us-gaap:ValuationAllowancesAndReservesBalance |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td> </td><td></td><td> </td><td> </td><td></td><td> </td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td> </td><td>Provision (a)</td><td> </td><td> </td><td>Net deductions (b)</td><td> </td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Credit Losses:</td><td> </td><td> </td><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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>5</td><td> </td><td> </td><td>( 6 )</td><td> </td><td> </td><td>$</td><td>30</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>7</td><td> </td><td></td><td>( 7 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>28</td><td> </td><td> </td><td>5</td><td> </td><td></td><td>( 2 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr></table> | table | 7 | monetaryItemType | table: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2022 | | $ | 31 | | | 7 | | ( 7 ) | | | $ | 31 | </context> | us-gaap:ValuationAllowancesAndReservesChargedToCostAndExpense |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td> </td><td></td><td> </td><td> </td><td></td><td> </td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td> </td><td>Provision (a)</td><td> </td><td> </td><td>Net deductions (b)</td><td> </td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Credit Losses:</td><td> </td><td> </td><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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>5</td><td> </td><td> </td><td>( 6 )</td><td> </td><td> </td><td>$</td><td>30</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>31</td><td> </td><td> </td><td>7</td><td> </td><td></td><td>( 7 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>28</td><td> </td><td> </td><td>5</td><td> </td><td></td><td>( 2 )</td><td> </td><td> </td><td>$</td><td>31</td><td> </td></tr></table> | table | 28 | monetaryItemType | table: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2021 | | $ | 28 | | | 5 | | ( 2 ) | | | $ | 31 | </context> | us-gaap:ValuationAllowancesAndReservesBalance |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td></td><td> </td><td></td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td>Provision</td><td> </td><td>Net deductions</td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Notes Receivable:</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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>17</td><td></td><td>2</td><td> </td><td>( 3 )</td><td> </td><td>$</td><td>16</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>18</td><td></td><td>—</td><td> </td><td>( 1 )</td><td> </td><td>$</td><td>17</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>17</td><td></td><td>1</td><td> </td><td>—</td><td> </td><td>$</td><td>18</td><td> </td></tr><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></tr></table> | table | 17 | monetaryItemType | table: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2023 | | $ | 17 | 2 | ( 3 ) | | $ | 16 | </context> | us-gaap:ValuationAllowancesAndReservesBalance |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td></td><td> </td><td></td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td>Provision</td><td> </td><td>Net deductions</td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Notes Receivable:</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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>17</td><td></td><td>2</td><td> </td><td>( 3 )</td><td> </td><td>$</td><td>16</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>18</td><td></td><td>—</td><td> </td><td>( 1 )</td><td> </td><td>$</td><td>17</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>17</td><td></td><td>1</td><td> </td><td>—</td><td> </td><td>$</td><td>18</td><td> </td></tr><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></tr></table> | table | 2 | monetaryItemType | table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2023 | | $ | 17 | 2 | ( 3 ) | | $ | 16 | </context> | us-gaap:ValuationAllowancesAndReservesChargedToCostAndExpense |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td></td><td> </td><td></td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td>Provision</td><td> </td><td>Net deductions</td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Notes Receivable:</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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>17</td><td></td><td>2</td><td> </td><td>( 3 )</td><td> </td><td>$</td><td>16</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>18</td><td></td><td>—</td><td> </td><td>( 1 )</td><td> </td><td>$</td><td>17</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>17</td><td></td><td>1</td><td> </td><td>—</td><td> </td><td>$</td><td>18</td><td> </td></tr><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></tr></table> | table | 16 | monetaryItemType | table: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2023 | | $ | 17 | 2 | ( 3 ) | | $ | 16 | </context> | us-gaap:ValuationAllowancesAndReservesBalance |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td></td><td> </td><td></td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td>Provision</td><td> </td><td>Net deductions</td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Notes Receivable:</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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>17</td><td></td><td>2</td><td> </td><td>( 3 )</td><td> </td><td>$</td><td>16</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>18</td><td></td><td>—</td><td> </td><td>( 1 )</td><td> </td><td>$</td><td>17</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>17</td><td></td><td>1</td><td> </td><td>—</td><td> </td><td>$</td><td>18</td><td> </td></tr><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></tr></table> | table | 18 | monetaryItemType | table: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2022 | | $ | 18 | — | ( 1 ) | | $ | 17 | </context> | us-gaap:ValuationAllowancesAndReservesBalance |
<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></tr><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></tr><tr><td> </td><td></td><td>Balance at</td><td></td><td> </td><td></td><td> </td><td></td><td>Balance at</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td>beginning of year</td><td> </td><td>Provision</td><td> </td><td>Net deductions</td><td> </td><td>end of year</td><td></td></tr><tr><td>Allowance for Notes Receivable:</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>Year Ended December 31, 2023</td><td> </td><td>$</td><td>17</td><td></td><td>2</td><td> </td><td>( 3 )</td><td> </td><td>$</td><td>16</td><td> </td></tr><tr><td>Year Ended December 31, 2022</td><td> </td><td>$</td><td>18</td><td></td><td>—</td><td> </td><td>( 1 )</td><td> </td><td>$</td><td>17</td><td> </td></tr><tr><td>Year Ended December 31, 2021</td><td> </td><td>$</td><td>17</td><td></td><td>1</td><td> </td><td>—</td><td> </td><td>$</td><td>18</td><td> </td></tr><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></tr></table> | table | 1 | monetaryItemType | table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Year Ended December 31, 2021 | | $ | 17 | 1 | — | | $ | 18 | </context> | us-gaap:ValuationAllowancesAndReservesChargedToCostAndExpense |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 18 | monetaryItemType | table: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2021 | | $ | 18 | | $ | 145 | | $ | 163 </context> | us-gaap:Goodwill |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 145 | monetaryItemType | table: <entity> 145 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2021 | | $ | 18 | | $ | 145 | | $ | 163 </context> | us-gaap:Goodwill |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 163 | monetaryItemType | table: <entity> 163 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2021 | | $ | 18 | | $ | 145 | | $ | 163 </context> | us-gaap:Goodwill |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 13 | monetaryItemType | table: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:GoodwillForeignCurrencyTranslationGainLoss |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 4 | monetaryItemType | table: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Acquisition | | 4 | | — | | | 4 </context> | us-gaap:GoodwillAcquiredDuringPeriod |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 22 | monetaryItemType | table: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2022 | | | 22 | | | 132 | | | 154 </context> | us-gaap:Goodwill |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 132 | monetaryItemType | table: <entity> 132 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2022 | | | 22 | | | 132 | | | 154 </context> | us-gaap:Goodwill |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 154 | monetaryItemType | table: <entity> 154 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2022 | | | 22 | | | 132 | | | 154 </context> | us-gaap:Goodwill |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 6 | monetaryItemType | table: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Foreign currency translation | | | — | | | 6 | | | 6 </context> | us-gaap:GoodwillForeignCurrencyTranslationGainLoss |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 138 | monetaryItemType | table: <entity> 138 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2023 | | $ | 22 | | $ | 138 | | $ | 160 </context> | us-gaap:Goodwill |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Pork</td><td> </td><td> </td><td>CT&M</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>Segment</td><td></td><td> </td><td>Segment</td><td> </td><td> </td><td>Total</td></tr><tr><td>Balance as of December 31, 2021</td><td> </td><td>$</td><td>18</td><td> </td><td>$</td><td>145</td><td> </td><td>$</td><td>163</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>( 13 )</td><td> </td><td> </td><td>( 13 )</td></tr><tr><td>Acquisition</td><td> </td><td></td><td>4</td><td> </td><td></td><td>—</td><td> </td><td> </td><td>4</td></tr><tr><td>Balance as of December 31, 2022</td><td> </td><td> </td><td>22</td><td> </td><td> </td><td>132</td><td> </td><td> </td><td>154</td></tr><tr><td>Foreign currency translation</td><td> </td><td> </td><td>—</td><td> </td><td> </td><td>6</td><td> </td><td> </td><td>6</td></tr><tr><td>Balance as of December 31, 2023</td><td> </td><td>$</td><td>22</td><td> </td><td>$</td><td>138</td><td> </td><td>$</td><td>160</td></tr></table> | table | 160 | monetaryItemType | table: <entity> 160 </entity> <entity type> monetaryItemType </entity type> <context> Balance as of December 31, 2023 | | $ | 22 | | $ | 138 | | $ | 160 </context> | us-gaap:Goodwill |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 51 | monetaryItemType | table: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> Gross carrying amount | $ | 51 | $ | 28 | $ | 79 | | $ | 51 | $ | 28 | $ | 79 | </context> | us-gaap:FiniteLivedIntangibleAssetsGross |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 28 | monetaryItemType | table: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> Gross carrying amount | $ | 51 | $ | 28 | $ | 79 | | $ | 51 | $ | 28 | $ | 79 | </context> | us-gaap:FiniteLivedIntangibleAssetsGross |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 79 | monetaryItemType | table: <entity> 79 </entity> <entity type> monetaryItemType </entity type> <context> Gross carrying amount | $ | 51 | $ | 28 | $ | 79 | | $ | 51 | $ | 28 | $ | 79 | </context> | us-gaap:FiniteLivedIntangibleAssetsGross |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 34 | monetaryItemType | table: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 19 | monetaryItemType | table: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 53 | monetaryItemType | table: <entity> 53 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 31 | monetaryItemType | table: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 17 | monetaryItemType | table: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 48 | monetaryItemType | table: <entity> 48 </entity> <entity type> monetaryItemType </entity type> <context> None </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 17 | monetaryItemType | table: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 9 | monetaryItemType | table: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 26 | monetaryItemType | table: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 20 | monetaryItemType | table: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 11 | monetaryItemType | table: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
<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></tr><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></tr><tr><td> </td><td> </td><td>December 31, 2023</td><td> </td><td> </td><td>December 31, 2022</td><td> </td></tr><tr><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td><td> </td><td>Customer</td><td> </td><td>Trade</td><td> </td><td> </td><td> </td></tr><tr><td>(Millions of dollars)</td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td><td> </td><td>relationships</td><td> </td><td>names</td><td> </td><td>Total</td><td> </td></tr><tr><td>Gross carrying amount</td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td><td>$</td><td>51</td><td>$</td><td>28</td><td>$</td><td>79</td><td> </td></tr><tr><td>Accumulated amortization and currency translation</td><td> </td><td>( 34 )</td><td> </td><td>( 19 )</td><td> </td><td>( 53 )</td><td> </td><td> </td><td>( 31 )</td><td> </td><td>( 17 )</td><td> </td><td>( 48 )</td><td> </td></tr><tr><td>Net carrying amount</td><td>$</td><td>17</td><td>$</td><td>9</td><td>$</td><td>26</td><td> </td><td>$</td><td>20</td><td>$</td><td>11</td><td>$</td><td>31</td><td> </td></tr></table> | table | 31 | monetaryItemType | table: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Net carrying amount | $ | 17 | $ | 9 | $ | 26 | | $ | 20 | $ | 11 | $ | 31 | </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
<table><tr><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> </td></tr><tr><td> </td><td> </td><td>December 31,</td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Beginning balance</td><td> </td><td>$</td><td>32</td><td> </td><td>$</td><td>29</td></tr><tr><td>Accretion expense</td><td> </td><td></td><td>2</td><td> </td><td></td><td>2</td></tr><tr><td>Liability for additional lagoons</td><td> </td><td></td><td>—</td><td> </td><td></td><td>1</td></tr><tr><td>Ending balance</td><td> </td><td>$</td><td>34</td><td> </td><td>$</td><td>32</td></tr></table> | table | 32 | monetaryItemType | table: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> Beginning balance | | $ | 32 | | $ | 29 </context> | us-gaap:AssetRetirementObligation |
<table><tr><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> </td></tr><tr><td> </td><td> </td><td>December 31,</td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Beginning balance</td><td> </td><td>$</td><td>32</td><td> </td><td>$</td><td>29</td></tr><tr><td>Accretion expense</td><td> </td><td></td><td>2</td><td> </td><td></td><td>2</td></tr><tr><td>Liability for additional lagoons</td><td> </td><td></td><td>—</td><td> </td><td></td><td>1</td></tr><tr><td>Ending balance</td><td> </td><td>$</td><td>34</td><td> </td><td>$</td><td>32</td></tr></table> | table | 29 | monetaryItemType | table: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> Beginning balance | | $ | 32 | | $ | 29 </context> | us-gaap:AssetRetirementObligation |
<table><tr><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> </td></tr><tr><td> </td><td> </td><td>December 31,</td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Beginning balance</td><td> </td><td>$</td><td>32</td><td> </td><td>$</td><td>29</td></tr><tr><td>Accretion expense</td><td> </td><td></td><td>2</td><td> </td><td></td><td>2</td></tr><tr><td>Liability for additional lagoons</td><td> </td><td></td><td>—</td><td> </td><td></td><td>1</td></tr><tr><td>Ending balance</td><td> </td><td>$</td><td>34</td><td> </td><td>$</td><td>32</td></tr></table> | table | 2 | monetaryItemType | table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Accretion expense | | 2 | | 2 </context> | us-gaap:AssetRetirementObligationAccretionExpense |
<table><tr><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> </td></tr><tr><td> </td><td> </td><td>December 31,</td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Beginning balance</td><td> </td><td>$</td><td>32</td><td> </td><td>$</td><td>29</td></tr><tr><td>Accretion expense</td><td> </td><td></td><td>2</td><td> </td><td></td><td>2</td></tr><tr><td>Liability for additional lagoons</td><td> </td><td></td><td>—</td><td> </td><td></td><td>1</td></tr><tr><td>Ending balance</td><td> </td><td>$</td><td>34</td><td> </td><td>$</td><td>32</td></tr></table> | table | 1 | monetaryItemType | table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Liability for additional lagoons | | — | | 1 </context> | us-gaap:AssetRetirementObligationLiabilitiesIncurred |
<table><tr><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> </td></tr><tr><td> </td><td> </td><td>December 31,</td></tr><tr><td>(Millions of dollars)</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Beginning balance</td><td> </td><td>$</td><td>32</td><td> </td><td>$</td><td>29</td></tr><tr><td>Accretion expense</td><td> </td><td></td><td>2</td><td> </td><td></td><td>2</td></tr><tr><td>Liability for additional lagoons</td><td> </td><td></td><td>—</td><td> </td><td></td><td>1</td></tr><tr><td>Ending balance</td><td> </td><td>$</td><td>34</td><td> </td><td>$</td><td>32</td></tr></table> | table | 34 | monetaryItemType | table: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> Ending balance | | $ | 34 | | $ | 32 </context> | us-gaap:AssetRetirementObligation |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 143 | monetaryItemType | table: <entity> 143 </entity> <entity type> monetaryItemType </entity type> <context> Domestic equity securities | | | $ | 143 | | | $ | 433 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 433 | monetaryItemType | table: <entity> 433 </entity> <entity type> monetaryItemType </entity type> <context> Domestic equity securities | | | $ | 143 | | | $ | 433 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 96 | monetaryItemType | table: <entity> 96 </entity> <entity type> monetaryItemType </entity type> <context> Foreign equity securities | | | | 96 | | | | 169 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 169 | monetaryItemType | table: <entity> 169 </entity> <entity type> monetaryItemType </entity type> <context> Foreign equity securities | | | | 96 | | | | 169 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 593 | monetaryItemType | table: <entity> 593 </entity> <entity type> monetaryItemType </entity type> <context> Domestic debt securities | | | 593 | | | 399 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 399 | monetaryItemType | table: <entity> 399 </entity> <entity type> monetaryItemType </entity type> <context> Domestic debt securities | | | 593 | | | 399 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 120 | monetaryItemType | table: <entity> 120 </entity> <entity type> monetaryItemType </entity type> <context> Foreign debt securities | | | | 120 | | | | 66 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 66 | monetaryItemType | table: <entity> 66 </entity> <entity type> monetaryItemType </entity type> <context> Foreign debt securities | | | | 120 | | | | 66 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 17 | monetaryItemType | table: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Money market funds held in trading accounts | | | | 17 | | | | 12 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 12 | monetaryItemType | table: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Money market funds held in trading accounts | | | | 17 | | | | 12 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 4 | monetaryItemType | table: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Other trading securities | | | | 4 | | | | 7 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 7 | monetaryItemType | table: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Other trading securities | | | | 4 | | | | 7 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 973 | monetaryItemType | table: <entity> 973 </entity> <entity type> monetaryItemType </entity type> <context> Total trading short-term investments | | | $ | 973 | | | $ | 1,086 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td> </td><td> </td><td>2023</td><td> </td><td> </td><td>2022</td><td> </td></tr><tr><td>Domestic equity securities</td><td> </td><td> </td><td>$</td><td>143</td><td> </td><td> </td><td>$</td><td>433</td><td> </td></tr><tr><td>Foreign equity securities</td><td> </td><td> </td><td> </td><td>96</td><td> </td><td> </td><td> </td><td>169</td><td> </td></tr><tr><td>Domestic debt securities</td><td> </td><td> </td><td></td><td>593</td><td> </td><td> </td><td></td><td>399</td><td> </td></tr><tr><td>Foreign debt securities</td><td> </td><td> </td><td> </td><td>120</td><td> </td><td> </td><td> </td><td>66</td><td> </td></tr><tr><td>Money market funds held in trading accounts</td><td> </td><td> </td><td> </td><td>17</td><td> </td><td> </td><td> </td><td>12</td><td> </td></tr><tr><td>Other trading securities</td><td> </td><td> </td><td> </td><td>4</td><td> </td><td> </td><td> </td><td>7</td><td> </td></tr><tr><td>Total trading short-term investments</td><td> </td><td> </td><td>$</td><td>973</td><td> </td><td> </td><td>$</td><td>1,086</td><td> </td></tr></table> | table | 1086 | monetaryItemType | table: <entity> 1086 </entity> <entity type> monetaryItemType </entity type> <context> Total trading short-term investments | | | $ | 973 | | | $ | 1,086 | </context> | us-gaap:TradingSecurities |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 124 | monetaryItemType | table: <entity> 124 </entity> <entity type> monetaryItemType </entity type> <context> Other | | | 124 | | | 104 | </context> | us-gaap:OtherInventoryNetOfReserves |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 104 | monetaryItemType | table: <entity> 104 </entity> <entity type> monetaryItemType </entity type> <context> Other | | | 124 | | | 104 | </context> | us-gaap:OtherInventoryNetOfReserves |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 1238 | monetaryItemType | table: <entity> 1238 </entity> <entity type> monetaryItemType </entity type> <context> Total inventories at lower of FIFO cost and NRV | | | 1,238 | | | 1,413 | </context> | us-gaap:FIFOInventoryAmount |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 1413 | monetaryItemType | table: <entity> 1413 </entity> <entity type> monetaryItemType </entity type> <context> Total inventories at lower of FIFO cost and NRV | | | 1,238 | | | 1,413 | </context> | us-gaap:FIFOInventoryAmount |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 224 | monetaryItemType | table: <entity> 224 </entity> <entity type> monetaryItemType </entity type> <context> Grain, flour and feed at lower of weighted-average cost and NRV | | | 224 | | | 257 | </context> | us-gaap:WeightedAverageCostInventoryAmount |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 257 | monetaryItemType | table: <entity> 257 </entity> <entity type> monetaryItemType </entity type> <context> Grain, flour and feed at lower of weighted-average cost and NRV | | | 224 | | | 257 | </context> | us-gaap:WeightedAverageCostInventoryAmount |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 1462 | monetaryItemType | table: <entity> 1462 </entity> <entity type> monetaryItemType </entity type> <context> Total inventories | | | $ | 1,462 | | | $ | 1,670 | </context> | us-gaap:InventoryNet |
<table><tr><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> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td></td><td>December 31,</td><td></td></tr><tr><td>(Millions of dollars)</td><td></td><td> </td><td>2023</td><td></td><td> </td><td>2022</td><td> </td></tr><tr><td>At lower of FIFO cost and NRV:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Hogs and materials</td><td> </td><td> </td><td>$</td><td>527</td><td> </td><td> </td><td>$</td><td>538</td><td> </td></tr><tr><td>Pork products and materials</td><td> </td><td> </td><td> </td><td>61</td><td> </td><td> </td><td> </td><td>75</td><td> </td></tr><tr><td>Grains, oilseeds and other commodities</td><td> </td><td> </td><td></td><td>366</td><td> </td><td> </td><td></td><td>475</td><td> </td></tr><tr><td>Biofuels and related credits</td><td> </td><td> </td><td> </td><td>160</td><td> </td><td> </td><td> </td><td>221</td><td> </td></tr><tr><td>Other</td><td> </td><td> </td><td></td><td>124</td><td> </td><td> </td><td></td><td>104</td><td> </td></tr><tr><td>Total inventories at lower of FIFO cost and NRV</td><td> </td><td> </td><td></td><td>1,238</td><td> </td><td> </td><td></td><td>1,413</td><td> </td></tr><tr><td>Grain, flour and feed at lower of weighted-average cost and NRV</td><td> </td><td> </td><td></td><td>224</td><td> </td><td> </td><td></td><td>257</td><td> </td></tr><tr><td>Total inventories</td><td> </td><td> </td><td>$</td><td>1,462</td><td> </td><td> </td><td>$</td><td>1,670</td><td> </td></tr></table> | table | 1670 | monetaryItemType | table: <entity> 1670 </entity> <entity type> monetaryItemType </entity type> <context> Total inventories | | | $ | 1,462 | | | $ | 1,670 | </context> | us-gaap:InventoryNet |
<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></tr><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></tr><tr><td> </td><td> </td><td>Useful</td><td> </td><td>December 31,</td><td> </td></tr><tr><td>(Millions of dollars)</td><td></td><td>Lives</td><td></td><td>2023</td><td></td><td>2022</td><td> </td></tr><tr><td>Land and improvements</td><td></td><td>3</td><td>-</td><td>15</td><td>years</td><td> </td><td>$</td><td>369</td><td> </td><td>$</td><td>331</td><td> </td></tr><tr><td>Buildings and improvements</td><td></td><td> </td><td> </td><td>30</td><td>years</td><td> </td><td></td><td>802</td><td> </td><td></td><td>779</td><td> </td></tr><tr><td>Machinery and equipment</td><td></td><td>3</td><td>-</td><td>20</td><td>years</td><td> </td><td></td><td>2,120</td><td> </td><td></td><td>2,027</td><td> </td></tr><tr><td>Vessels and vehicles</td><td></td><td>3</td><td>-</td><td>18</td><td>years</td><td> </td><td></td><td>398</td><td> </td><td></td><td>373</td><td> </td></tr><tr><td>Office furniture and fixtures</td><td></td><td> </td><td> </td><td>5</td><td>years</td><td> </td><td></td><td>45</td><td> </td><td></td><td>43</td><td> </td></tr><tr><td>Contract growers</td><td> </td><td>5</td><td>-</td><td>15</td><td>years</td><td> </td><td> </td><td>156</td><td> </td><td> </td><td>151</td><td> </td></tr><tr><td>Construction in progress</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td></td><td>476</td><td> </td><td></td><td>286</td><td> </td></tr><tr><td>Total property, plant and equipment</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td></td><td>4,366</td><td> </td><td></td><td>3,990</td><td> </td></tr><tr><td>Accumulated depreciation and amortization</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td></td><td>( 1,956 )</td><td> </td><td></td><td>( 1,744 )</td><td> </td></tr><tr><td>Net property, plant and equipment</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td>$</td><td>2,410</td><td> </td><td>$</td><td>2,246</td><td> </td></tr></table> | table | 369 | monetaryItemType | table: <entity> 369 </entity> <entity type> monetaryItemType </entity type> <context> Land and improvements | 3 | - | 15 | years | | $ | 369 | | $ | 331 | </context> | us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization |
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