XML 21 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Cash flows from operating activities    
Net income $ 1,140 $ 737
Adjustments to reconcile net income to cash flows from operating activities    
Depreciation and amortization 419 472
Stock-based compensation 106 200
Deferred income taxes (11) (245)
Impairment charges 0 578
Losses on investments 0 31
Other 54 36
Net changes in assets and liabilities    
Trade receivables (147) (343)
Inventories (144) 13
Other current and non-current assets 147 29
Accounts payable and accrued liabilities (89) (573)
Employee-related obligations 17 5
Accrued taxes on income (80) 9
Other liabilities (69) 27
Net cash flows from operating activities 1,343 976
Cash flows used in investing activities    
Purchases of property, plant, and equipment (365) (302)
Other investing activities 4 9
Net cash flows used in investing activities (361) (293)
Cash flows used in financing activities    
Proceeds from commercial paper program, net of repayments and issuance costs 324 258
Proceeds from issuance of Senior Notes, net of issuance cost 746 0
Repayment of Senior Notes (750) 0
Dividends paid (1,183) (1,159)
Purchase of treasury stock (197) (114)
Other financing activities 92 37
Net cash flows used in financing activities (968) (978)
Effect of exchange rate changes on cash and cash equivalents 55 (30)
Cash and cash equivalents, beginning of period 1,070 1,382
Net increase (decrease) in cash and cash equivalents 69 (325)
Cash and cash equivalents, end of period $ 1,139 $ 1,057