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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2025
Dec. 29, 2023
Dec. 30, 2022
Cash flows from operations:      
Net income $ 1,251 $ 208 $ 693
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 290 331 333
Stock-based compensation 85 77 73
Goodwill impairment charges 0 596 0
Asset impairment charges 11 91 40
Deferred income taxes (98) (109) (211)
Other 44 28 26
Change in assets and liabilities, net of effects of acquisitions and dispositions:      
Receivables (220) (65) (174)
Other current assets and other long-term assets 96 140 160
Accounts payable and accrued liabilities and other long-term liabilities (160) 31 (143)
Accrued payroll and employee benefits 121 (5) 98
Income taxes receivable/payable (28) (158) 97
Net cash provided by operating activities 1,392 1,165 992
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired 0 (6) (192)
Payments for property, equipment and software (149) (207) (129)
Proceeds from disposition of businesses 0 2 15
Net proceeds from sale of assets 2 0 6
Other 5 0 (13)
Net cash used in investing activities (142) (211) (313)
Cash flows from financing activities:      
Proceeds from debt issuance 0 1,743 380
Repayments of borrowings (18) (2,045) (545)
Payments for debt issuance and modification costs 0 (7) 0
Dividend payments (208) (201) (199)
Repurchases of stock and other (906) (246) (542)
Proceeds from issuances of stock 55 50 48
Net capital distributions to non-controlling interests (6) (9) (7)
Other (1) 0 0
Net cash used in financing activities (1,084) (715) (865)
Effect of foreign exchange rate changes on cash and cash equivalents (10) 6 (6)
Net increase (decrease) in cash, cash equivalents and restricted cash 156 245 (192)
Cash, cash equivalents and restricted cash at beginning of year 928 683 875
Cash, cash equivalents and restricted cash at end of year 1,084 928 683
Less: restricted cash at end of year 141 151 167
Cash and cash equivalents at end of year 943 777 516
Supplementary cash flow information:      
Cash paid for interest 226 207 195
Cash paid for income taxes, net of refunds 460 435 217
Noncash Investing and Financing Items [Abstract]      
Property, plant and equipment additions 72 2 7
Finance lease obligations $ 0 $ 65 $ 1