XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
OPERATING ACTIVITIES:    
NET INCOME $ 493 $ 382
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 40 36
Amortization of intangible assets and product certification costs 50 35
Amortization of debt issuance costs, original issue discount and premium 9 11
Amortization of inventory step-up 7 1
Amortization of loss contract reserves (19) (5)
Gain on sale of businesses, net (19) 0
Non-cash stock and deferred compensation expense 25 51
Deferred income taxes (2) 0
Foreign currency exchange (gains) losses (20) 14
Changes in assets/liabilities, net of effects from acquisitions and sales of businesses:    
Trade accounts receivable 80 94
Inventories (79) (78)
Income taxes payable 91 94
Other assets (2) 3
Accounts payable (3) (21)
Accrued interest 201 82
Accrued and other liabilities (100) (63)
Net cash provided by operating activities 752 636
INVESTING ACTIVITIES:    
Capital expenditures (42) (36)
Acquisition of businesses, net of cash acquired (29) (14)
Other investing transactions 47 0
Net cash used in investing activities (24) (50)
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 35 52
Dividends and dividend equivalent payments (4,396) (2,038)
Repurchases of common stock (316) 0
Proceeds from issuance of senior secured notes, net 0 983
Proceeds from term loans, net 0 988
Proceeds from trade receivable securitization facility, net 163 100
Repayment on term loans 0 (16)
Financing costs and other, net (2) (2)
Net cash (used in) provided by financing activities (4,516) 67
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (14) 10
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (3,802) 663
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD   3,472
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,459 4,135
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest, net 162 205
Cash paid during the period for income taxes, net of refunds $ 37 $ 11