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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
3 Months Ended 9 Months Ended
Sep. 24, 2016
USD ($)
Sep. 26, 2015
USD ($)
Sep. 24, 2016
USD ($)
Sep. 26, 2015
USD ($)
Cash flows from operating activities of continuing operations:        
Net income (loss) $ 44 $ 6 $ 300 $ (7)
Loss from discontinued operations, net of tax (286) (36) (324) (67)
Net income from continuing operations 330 42 624 60
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     140 197
Charges for losses on inventories and receivables     49 41
Deferred income taxes     (235)  
Loss on extinguishment of debt 15   15  
Asset impairments 9 1 9 10
Changes in working capital and other     (155) (247)
Net cash provided by operating activities of continuing operations     447 61
Cash flows from investing activities of continuing operations:        
Capital expenditures     (71) (109)
Acquisition, net of cash acquired       (9)
Proceeds from disposition of assets and other     14 63
Net cash used in investing activities of continuing operations     (57) (55)
Cash flows from financing activities of continuing operations:        
Net proceeds on employee share-based transactions       7
Net payments on long and short-term borrowings     (42) (24)
Loss on extinguishment of debt     (12)  
Cash dividends on common stock     (13)  
Debt retirement     (250)  
Debt related fees     (6) (1)
Repurchase of common stock for treasury     (81)  
Net cash used in financing activities of continuing operations     (404) (18)
Cash flows from discontinued operations:        
Operating activities of discontinued operations     (113) (61)
Investing activities of discontinued operations     (4) (12)
Financing activities of discontinued operations     3 1
Net cash used in discontinued operations     (114) (72)
Effect of exchange rate changes on cash and cash equivalents     2 (29)
Net decrease in cash and cash equivalents     (126) (113)
Cash and cash equivalents at beginning of period     1,069 1,071
Cash and cash equivalents at end of period-total 943 958 943 958
Cash and cash equivalents of discontinued operations (142) (141) (142) (141)
Cash and cash equivalent at end of the period-continuing operations $ 801 $ 817 $ 801 $ 817