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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Cash flows from operating activities:    
Net income $ 368 $ 248
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 113 84
Losses on long-term investments 15 10
Share-based compensation 94 83
Deferred income taxes 9 (30)
Gain on sale of business (5) 0
Other, net 0 2
Changes in operating assets and liabilities:    
Accounts receivable, net (193) 81
Inventories, net (7) 11
Other assets (10) 10
Accounts payable 35 (71)
Accrued liabilities (35) (101)
Deferred revenue (8) 13
Income taxes 11 (10)
Other operating activities 0 (5)
Net cash provided by operating activities 387 325
Cash flows from investing activities:    
Acquisition of business 0 (62)
Proceeds from the sale of business 9 0
Purchases of property, plant and equipment (26) (37)
Proceeds from sale of long-term investments 1 0
Other investing activities 1 0
Net cash used in investing activities (15) (99)
Cash flows from financing activities:    
Payments of debt (59) 0
Proceeds from issuance of debt 325 0
Payments for repurchases of common stock (568) (250)
Net payments related to share-based compensation plans (21) (16)
Change in unremitted cash collections from servicing factored receivables (17) 7
Other financing activities (1) 2
Net cash used in financing activities (341) (257)
Effect of exchange rate changes on cash and cash equivalents 1 2
Net increase (decrease) in cash and cash equivalents 32 (29)
Cash and cash equivalents at beginning of period 125 901
Cash and cash equivalents at end of period 157 872
Supplemental disclosures of cash flow information:    
Income taxes paid 75 95
Interest paid $ 71 $ 55