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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Oct. 01, 2021
Oct. 02, 2020
Jan. 01, 2021
Operating Activities          
Net income $ 479 $ 430 $ 1,358 $ 902  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of acquisition-related intangibles 155 176 475 529  
Depreciation and other amortization     248 239  
Share-based compensation     100 71  
Share-based matching contributions under defined contribution plans     165 168  
Qualified pension plan contributions     (5) (7)  
Pension and other postretirement benefit plan income     (275) (241)  
Investment and asset impairment charges     244 394  
Business divestiture-related (gains) losses (27) 10 (192) 62  
Deferred income taxes     (102) (142)  
(Increase) decrease in:          
Accounts receivable     233 (35)  
Contract assets     (615) (98)  
Inventories     (108) 139  
Prepaid expenses and other current assets     (38) (18)  
Increase (decrease) in:          
Accounts payable     270 (2)  
Contract liabilities     56 (94)  
Compensation and benefits     (119) (42)  
Income taxes     100 86  
Other accrued items     72 84  
Other     (2) 97  
Net cash provided by operating activities     1,865 2,092  
Investing Activities          
Additions of property, plant and equipment     (207) (194)  
Proceeds from sale of property, plant and equipment     7 0  
Proceeds from sales of businesses, net     1,598 1,002  
Other investing activities     2 (10)  
Net cash provided by investing activities     1,400 798  
Financing Activities          
Net proceeds from borrowings     5 249  
Repayments of borrowings     (12) (257)  
Proceeds from exercises of employee stock options     94 39  
Repurchases of common stock     (2,875) (1,850)  
Cash dividends     (618) (546)  
Other financing activities     (7) (8)  
Net cash used in financing activities     (3,413) (2,373)  
Effect of exchange rate changes on cash and cash equivalents     (2) 0  
Net (decrease) increase in cash and cash equivalents     (150) 517  
Cash and cash equivalents, beginning of year     1,276 824 $ 824
Cash and cash equivalents, end of quarter $ 1,126 $ 1,341 $ 1,126 $ 1,341 $ 1,276