XML 22 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net income $ 113 $ 98
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73 73
Impairment charge on intangible assets 1 0
Non-cash restructuring charges 1 1
Stock-based compensation expense 5 8
Provision for losses on trade and other accounts receivable 2 5
Provision for (benefit from) deferred income taxes (7) 2
Equity in earnings of affiliates (3) (3)
Distributions from equity affiliates 2 2
Changes in unrecognized tax benefits 2 2
Other (27) (6)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (74) 190
Inventories (14) 74
Other current assets 75 41
Accounts payable and accrued expenses (112) (290)
Net cash provided by operating activities 37 197
Cash flows from investing activities:    
Purchases of property and equipment (31) (41)
Payments related to equity investments and business acquisitions, net of cash acquired (51) (20)
Proceeds from loan to affiliate 0 1
Capitalized software costs (12) (9)
Other (5) (3)
Net cash used in investing activities (99) (72)
Cash flows from financing activities:    
Net change in bank credit lines 215 0
Proceeds from issuance of long-term debt 150 90
Principal payments for long-term debt (15) (60)
Proceeds from issuance of stock upon exercise of stock options 1 1
Payments for repurchases and retirement of common stock (161) (75)
Payments for taxes related to shares withheld for employee taxes (12) (7)
Distributions to noncontrolling shareholders (4) (6)
Payments for contingent consideration (12) 0
Acquisitions of noncontrolling interests in subsidiaries (73) (94)
Net cash provided by (used in) financing activities 89 (151)
Effect of exchange rate changes on cash and cash equivalents (22) 14
Net change in cash and cash equivalents 5 (12)
Cash and cash equivalents, beginning of period 122 171
Cash and cash equivalents, end of period $ 127 $ 159