XML 37 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
OPERATING ACTIVITIES:    
NET INCOME $ 786 $ 533
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 71 61
Amortization of intangible assets and product certification costs 72 68
Amortization of debt issuance costs, original issue discount and premium 22 20
Amortization of inventory step-up 3 2
Amortization of loss contract reserves (17) (19)
Refinancing costs 28 9
Non-cash stock and deferred compensation expense 111 77
Deferred income taxes (1) 0
Foreign currency exchange losses 5 22
Changes in assets/liabilities, net of effects from acquisitions and sales of businesses:    
Trade accounts receivable 36 (33)
Inventories (114) (176)
Income taxes (receivable) payable (136) 21
Other assets (23) (26)
Accounts payable (9) 6
Accrued interest 61 14
Accrued and other liabilities (30) (72)
Net cash provided by operating activities 865 507
INVESTING ACTIVITIES:    
Capital expenditures (84) (66)
Acquisition of businesses, net of cash acquired (87) (10)
Net cash used in investing activities (171) (76)
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 165 119
Dividends and dividend equivalent payments (2,038) (38)
Proceeds from issuance of senior secured notes, net 5,887 2,066
Repayments of senior secured notes (4,400) 0
Proceeds from term loans, net 2,689 6,235
Proceeds from trade receivable securitization facility, net 99 0
Repayment on term loans (1,730) (7,303)
Financing costs and other, net (4) (11)
Net cash provided by financing activities 668 1,068
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH 4 18
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,366 1,517
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD   3,001
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 4,838 4,518
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest, net 545 545
Cash paid during the period for income taxes, net of refunds $ 350 $ 154