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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:    
Net income $ 207 $ 203
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 149 147
Impairment charge on intangible assets 1 0
Non-cash restructuring charges 3 6
Stock-based compensation expense 16 20
Provision for losses on trade and other accounts receivable 5 7
Benefit from deferred income taxes (7) (19)
Equity in earnings of affiliates (7) (9)
Distributions from equity affiliates 8 9
Changes in unrecognized tax benefits (1) 3
Other (31) (9)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (100) 270
Inventories (29) 107
Other current assets 37 50
Accounts payable and accrued expenses (94) (292)
Net cash provided by operating activities 157 493
Cash flows from investing activities:    
Purchases of property and equipment (63) (78)
Payments related to equity investments and business acquisitions, net of cash acquired (101) (181)
Proceeds from loan to affiliate 2 3
Capitalized software costs (26) (20)
Other (9) (5)
Net cash used in investing activities (197) (281)
Cash flows from financing activities:    
Net change in bank credit lines 248 242
Proceeds from issuance of long-term debt 244 90
Principal payments for long-term debt (21) (177)
Debt issuance costs (2) 0
Proceeds from issuance of stock upon exercise of stock options 1 2
Payments for repurchases and retirement of common stock (447) (175)
Issuance of common stock 250 0
Payments for taxes related to shares withheld for employee taxes (14) (8)
Distributions to noncontrolling shareholders (18) (28)
Payments for contingent consideration (19) 0
Acquisitions of noncontrolling interests in subsidiaries (77) (211)
Net cash provided by (used in) financing activities 145 (265)
Effect of exchange rate changes on cash and cash equivalents (82) 20
Net change in cash and cash equivalents 23 (33)
Cash and cash equivalents, beginning of period 122 171
Cash and cash equivalents, end of period $ 145 $ 138