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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Cash flows from operating activities:    
Net income $ 353 $ 339
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 108 99
Stock-based compensation expense 27 30
Benefit from losses on trade and other accounts receivable 0 (4)
Provision for (benefit from) deferred income taxes (15) 6
Equity in earnings of affiliates (9) (12)
Distributions from equity affiliates 10 11
Changes in unrecognized tax benefits (1) (6)
Other (13) 3
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 21 102
Inventories 4 (124)
Other current assets (37) (86)
Accounts payable and accrued expenses (198) (136)
Net cash provided by operating activities 250 222
Cash flows from investing activities:    
Purchases of fixed assets (43) (32)
Payments related to equity investments and business acquisitions, net of cash acquired (7) (296)
Proceeds from (payments for) loan to affiliate 6 (2)
Other (15) (11)
Net cash used in investing activities (59) (341)
Cash flows from financing activities:    
Net change in bank borrowings 30 (5)
Proceeds from issuance of long-term debt 0 200
Principal payments for long-term debt (57) (120)
Proceeds from issuance of stock upon exercise of stock options 2 0
Payments for repurchases and retirement of common stock (110) (201)
Payments for taxes related to shares withheld for employee taxes (29) (8)
Distributions to noncontrolling shareholders (12) (4)
Acquisitions of noncontrolling interests in subsidiaries (19) (1)
Net cash used in financing activities (195) (139)
Effect of exchange rate changes on cash and cash equivalents (6) 4
Net change in cash and cash equivalents (10) (254)
Cash and cash equivalents, beginning of period 118 421
Cash and cash equivalents, end of period $ 108 $ 167