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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2026
Apr. 04, 2025
Cash flows from operations:    
Net income $ 335 $ 365
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 72 69
Stock-based compensation 25 21
Deferred income taxes (8) (24)
Loss on pension plan settlement 23 0
Other 10 (1)
Change in assets and liabilities, net of effects of acquisitions and dispositions:    
Receivables (160) (246)
Other current assets and other long-term assets 3 (27)
Accounts payable and accrued liabilities and other long-term liabilities 54 (72)
Accrued payroll and employee benefits (154) (148)
Income taxes receivable/payable 101 121
Net cash provided by operating activities 301 58
Cash flows from investing activities:    
Acquisition of a business, net of cash acquired (2,338) 0
Payments for property, equipment and software (31) (22)
Divestiture of a business 4 0
Other 6 0
Net cash used in investing activities (2,359) (22)
Cash flows from financing activities:    
Proceeds from debt issuance 1,397 997
Net proceeds from commercial paper 300 0
Repayments of borrowings (5) (529)
Payments for debt issuance costs (15) (7)
Dividend payments (55) (53)
Repurchases of stock and other (243) (528)
Proceeds from issuances of stock 16 15
Net capital distributions to non-controlling interests (2) (5)
Net cash provided by (used in) financing activities 1,393 (110)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (1) 7
Net decrease in cash, cash equivalents and restricted cash (666) (67)
Cash, cash equivalents and restricted cash at beginning of period 1,204 991
Cash, cash equivalents and restricted cash at end of period 538 924
Less: restricted cash at end of period 81 82
Cash and cash equivalents at end of period 457 842
Supplementary cash flow information:    
Cash paid for income taxes, net of refunds (5) (4)
Cash paid for interest 68 51
Non-cash investing and financing activity:    
Property, plant and equipment additions 1 0
Finance lease obligations $ 1 $ 0