XML 21 R8.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jul. 04, 2025
Jun. 28, 2024
Cash flows from operations:    
Net income $ 758 $ 607
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 141 140
Stock-based compensation 46 40
Deferred income taxes 200 (67)
Other 0 2
Change in assets and liabilities, net of effects of acquisition:    
Receivables (236) (185)
Other current assets and other long-term assets (34) 7
Accounts payable and accrued liabilities and other long-term liabilities (260) (117)
Accrued payroll and employee benefits 7 10
Income taxes receivable/payable (78) 57
Net cash provided by operating activities 544 494
Cash flows from investing activities:    
Acquisition of a business, net of cash acquired (285) 0
Payments for property, equipment and software (51) (40)
Net proceeds from sale of assets 0 2
Other 0 5
Net cash used in investing activities (336) (33)
Cash flows from financing activities:    
Proceeds from debt issuance 997 0
Repayments of borrowings (559) (9)
Payments for debt issuance costs (7) 0
Dividend payments (105) (104)
Repurchases of stock and other (537) (297)
Proceeds from issuances of stock 31 26
Net capital distributions to non-controlling interests (7) (3)
Other (6) 0
Net cash used in financing activities (193) (387)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 14 (4)
Net increase in cash, cash equivalents and restricted cash 29 70
Cash, cash equivalents and restricted cash at beginning of period 991 792
Cash, cash equivalents and restricted cash at end of period 1,020 862
Less: restricted cash at end of period 90 118
Cash and cash equivalents at end of period 930 744
Supplementary cash flow information:    
Cash paid for income taxes, net of refunds 162 163
Cash paid for interest 100 107
Non-cash investing activity:    
Property, plant and equipment additions $ 4 $ 57