XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Cash flows from operating activities of continuing operations:    
Net income $ 118,000,000 $ 233,000,000
Income from discontinued operations, net of tax 5,000,000 38,000,000
Net income from continuing operations 113,000,000 195,000,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 142,000,000 116,000,000
Amortization of debt discount and issuance costs 7,000,000 1,000,000
Charges for losses on inventories and receivables 30,000,000 51,000,000
Asset impairments 0 1,000,000
Compensation expense for share-based payments 19,000,000 24,000,000
Deferred income taxes and deferred tax asset valuation allowances 44,000,000 36,000,000
Changes in working capital and other 200,000,000 (16,000,000)
Net cash provided by operating activities of continuing operations 555,000,000 408,000,000
Cash flows from investing activities of continuing operations:    
Capital expenditures (121,000,000) (92,000,000)
Purchase of leased head office facility   (42,000,000)
Businesses acquired, net of cash acquired (64,000,000) (24,000,000)
Proceeds from disposition of assets   28,000,000
Other investing activities 4,000,000 4,000,000
Net cash used in investing activities of continuing operations (181,000,000) (126,000,000)
Cash flows from financing activities of continuing operations:    
Net payments on long and short-term borrowings (74,000,000) (17,000,000)
Cash dividends on common stock (42,000,000) (39,000,000)
Share purchases for taxes, net of proceeds from employee share-based transactions (4,000,000) (17,000,000)
Repurchase of common stock for treasury (22,000,000) (34,000,000)
Payment to extinguish capital lease obligation   (92,000,000)
Acquisition of non-controlling interest (18,000,000)  
Other financing activities 1,000,000  
Net cash used in financing activities of continuing operations (159,000,000) (199,000,000)
Cash flows from discontinued operations:    
Operating activities of discontinued operations 11,000,000 10,000,000
Investing activities of discontinued operations 66,000,000 (76,000,000)
Financing activities of discontinued operations (8,000,000)
Net cash provided by (used in) discontinued operations 77,000,000 (74,000,000)
Effect of exchange rate changes on cash and cash equivalents (4,000,000) 8,000,000
Net increase in cash and cash equivalents 288,000,000 17,000,000
Cash, cash equivalents and restricted cash at beginning of period 639,000,000 807,000,000
Cash, cash equivalents and restricted cash at end of period-total 927,000,000 824,000,000
Cash and cash equivalents of discontinued operations   (36,000,000)
Cash, cash equivalents and restricted cash at end of the period-continuing operations $ 927,000,000 $ 788,000,000