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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating activities:    
Net earnings $ 32 $ 22
Adjustments to reconcile net earnings to cash from (used in) operating activities:    
Depreciation and amortization 78 69
Deferred income taxes (4) (15)
Income from affiliates (13) (19)
Dividends received from affiliates 13 2
Other investment loss (income), net 10 (18)
Other, net 8 7
Changes in assets and liabilities:    
Receivables, net of allowance for credit losses 1 (23)
Inventories (68) 131
Other assets 6 (12)
Accounts payable (63) (65)
Other liabilities, exclusive of debt (20) (60)
Net cash from (used in) operating activities (20) 19
Investing activities:    
Purchase of short-term investments (427) (366)
Proceeds from the sale of short-term investments 473 360
Proceeds from the maturity of short-term investments 2  
Capital expenditures (109) (104)
Proceeds from the sale of property, plant and equipment 8 6
Other, net (2) (9)
Net cash used in investing activities (55) (113)
Financing activities:    
Uncommitted lines of credit, net 60 19
Draws under committed lines of credit 576 473
Repayments of committed lines of credit (561) (354)
Principal payments of long-term debt (1) (3)
Finance lease payments (10) (14)
Dividends paid (2) (2)
Net cash from financing activities 62 119
Effect of exchange rate changes on cash and cash equivalents 2 (3)
Net change in cash and cash equivalents (11) 22
Cash and cash equivalents at beginning of year 98 56
Cash and cash equivalents at end of period $ 87 $ 78