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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities:    
Net income $ 264 $ 63
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 193 181
Gain on disposal of property and equipment—net (2) (2)
Amortization of deferred financing costs 10 6
Deferred tax provision 1 7
Share-based compensation expense 28 21
Provision for doubtful accounts 16 0
Changes in operating assets and liabilities:    
Increase in receivables (199) (363)
Decrease (increase) in inventories—net 85 (107)
(Increase) in prepaid expenses and other assets (6) (5)
Increase in accounts payable and cash overdraft liability 309 450
(Decrease) increase in accrued expenses and other liabilities (46) 8
Net cash provided by operating activities 653 259 Close
Cash flows from investing activities:    
Proceeds from sales of property and equipment 2 3
Purchases of property and equipment (108) (143)
Net cash used in investing activities (106) (140) Close
Cash flows from financing activities:    
Proceeds from debt borrowings 255 1,032
Principal payments on debt and financing leases (446) (1,087)
Dividends paid on Series A convertible preferred stock (7) (18)
Repurchase of common stock (200) 0
Excise tax on common stock repurchases 2 0
Proceeds from employee stock purchase plan 13 12
Proceeds from exercise of stock options 22 7
Purchase of interest rate caps (3) 0
Tax withholding payments for net share-settled equity awards (11) (16)
Net cash used in financing activities (379) (70) Close
Net increase in cash, and cash equivalents and restricted cash 168 49 Close
Cash, cash equivalents and restricted cash—beginning of period 211 148
Cash, cash equivalents and restricted cash—end of period 379 197
Supplemental disclosures of cash flow information:    
Series A convertible preferred stock conversion to common stock 534 0
Interest paid—net of amounts capitalized 147 105
Income taxes paid—net 67 13
Property and equipment purchases included in accounts payable 24 26
Leased assets obtained in exchange for financing lease liabilities 81 57
Leased assets obtained in exchange for operating lease liabilities 22 6
Cashless exercise of stock options $ 1 $ 1