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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Dec. 31, 2021
Cash flows from operations:      
Net income $ 208 $ 693 $ 759
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 331 333 325
Stock-based compensation 77 73 67
Goodwill impairment charges 596 0 0
Asset impairment charges 91 40 4
Deferred income taxes (109) (211) (26)
Other 28 26 (7)
Change in assets and liabilities, net of effects of acquisitions and dispositions:      
Receivables (65) (174) (5)
Other current assets and other long-term assets 140 160 143
Accounts payable and accrued liabilities and other long-term liabilities 31 (143) (210)
Accrued payroll and employee benefits (5) 98 (32)
Income taxes receivable/payable (158) 97 15
Net cash provided by operating activities 1,165 992 1,033 Close
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired (6) (192) (622)
Payments for property, equipment and software (207) (129) (104)
Proceeds from disposition of businesses 2 15 0
Net proceeds from sale of assets 0 6 0
Other 0 (13) (4)
Net cash used in investing activities (211) (313) (730) Close
Cash flows from financing activities:      
Proceeds from debt issuance 1,743 380 380
Repayments of borrowings (2,045) (545) (106)
Payments for debt issuance and modification costs (7) 0 0
Dividend payments (201) (199) (199)
Repurchases of stock and other (246) (542) (270)
Proceeds from issuances of stock 50 48 44
Net capital (distributions to) contributions from non-controlling interests (9) (7) 38
Net cash used in financing activities (715) (865) (113) Close
Effect of foreign exchange rate changes on cash and cash equivalents 6 (6) (2) Close
Net increase (decrease) in cash, cash equivalents and restricted cash 245 (192) 188 Close
Cash, cash equivalents and restricted cash at beginning of year 683 875 687
Cash, cash equivalents and restricted cash at end of year 928 683 875
Less: restricted cash at end of year 151 167 148
Cash and cash equivalents at end of year 777 516 727
Supplementary cash flow information:      
Cash paid for interest 207 195 182
Cash paid for income taxes, net of refunds 435 217 221
Non-cash investing activity:      
Property, plant and equipment additions 2 7 4
Finance lease obligations $ 65 $ 1 $ 51