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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 30, 2022
Cash flows from operating activities      
Net loss $ (83) $ (321) $ (78)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation 23 27 20
Amortization of intangibles 228 298 272
Amortization of deferred loan costs and original issue discount 22 21 19
Goodwill impairment charges 0 186 108
Derivative instruments 37 21 (76)
Equity earnings of non-consolidated subsidiaries (74) (56) (38)
Distributions from equity method investments 61 49 33
Deferred income taxes (115) (62) (7)
Equity-based compensation 18 3 3
Gain on acquisition of controlling interest (69) 0 0
Other 14 2 3
Changes in assets and liabilities, net of effects of business acquisition:      
Accounts receivable, net 81 (68) 99
Prepaid expenses and other assets 78 56 64
Accounts payable, contract liabilities, and other current liabilities (211) (24) (263)
Accrued employee compensation and benefits 43 (82) (37)
Other long-term liabilities (6) 17 4
Net cash provided by operating activities 47 67 126
Cash flows from investing activities      
Acquisitions, net of cash acquired 488 0 (1,758)
Purchase of property and equipment (11) (12) (18)
Contributions to equity method investments (1) (17) (34)
Return of capital from equity method investments 0 14 24
Other (1) (2) (1)
Net cash provided by (used in) investing activities 475 (17) (1,787)
Cash flows from financing activities      
Borrowings on revolving credit facilities 562 1,201 67
Payments on revolving credit facilities/credit agreement (562) (1,201) (67)
Proceeds from borrowing under the term loans 2,620 0 2,816
Repayments of borrowings under the credit agreement (4,177) (34) (992)
Proceeds from issuance of Senior Notes 1,000 0 0
Payments of debt issuance fees (38) 0 (43)
Proceeds from borrowings under other agreements 1 5 40
Repayments of borrowings under other agreements (13) (67) (36)
Capital contribution 235 0 0
Capital contribution from non-controlling interest 0 13 0
Distributions to non-controlling interests (6) (24) (56)
Other (4) (5) (5)
Net cash (used in) provided by financing activities (382) (112) 1,724
Effect of exchange rate changes on cash 7 1 (6)
Net change in cash and cash equivalents 147 (61) 57
Cash and cash equivalents, beginning of period 305 366 309
Cash and cash equivalents, end of period 452 305 366
Supplemental disclosure of cash flow information      
Common stock issued for the Transaction 3,937 0 0
Income taxes paid, net of receipts (95) (26) (27)
Interest paid $ (373) $ (362) $ (208)