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CONSOLDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income $ 447 $ 189
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88 68
Share-based compensation 38 20
Deferred income taxes (5) 6
Unrealized (gain) loss on forward interest rate swaps (13) 37
Other, net 1 (5)
Changes in operating assets and liabilities:    
Accounts receivable, net (59) 201
Inventories, net 26 (36)
Other assets (22) 4
Accounts payable (10) (46)
Accrued liabilities 2 (76)
Deferred revenue 67 45
Income taxes (23) (48)
Other operating activities 2 (4)
Net cash provided by operating activities 539 355
Cash flows from investing activities:    
Purchases of property, plant and equipment (25) (33)
Acquisition of businesses, net of cash acquired (17) 0
Purchases of long-term investments (17) (32)
Net cash used in investing activities (59) (65)
Cash flows from financing activities:    
Payments of long-term debt (264) (84)
Proceeds from issuance of long-term debt 8 24
Payments for repurchases of common stock (25) (200)
Net payments related to share-based compensation plans (46) (31)
Change in unremitted cash collections from servicing factored receivables (2) 55
Other financing activities 0 3
Net cash used in financing activities (329) (233)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (4) (1)
Net increase in cash and cash equivalents, including restricted cash 147 56
Cash and cash equivalents, including restricted cash, at beginning of period 192 30
Cash and cash equivalents, including restricted cash, at end of period 339 86
Less restricted cash, included in Prepaid expenses and other current assets (21) (23)
Cash and cash equivalents at end of period 318 63
Supplemental disclosures of cash flow information:    
Income taxes paid 94 61
Interest paid $ 17 $ 19