XML 19 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net income $ 15 $ 72
Net income from continuing operations 15 72
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29 30
Amortization of debt discount and issuance costs   1
Charges for losses on receivables and inventories 9 5
Asset impairments 6 4
Gain on disposition of assets, net   (1)
Compensation expense for share-based payments 11 9
Deferred income taxes and deferred tax asset valuation allowances (8) 17
Changes in working capital and other operating activities (24) 20
Net cash provided by operating activities of continuing operations 38 157
Net cash provided by operating activities 38 157
Cash flows from investing activities:    
Capital expenditures (35) (27)
Businesses acquired, net of cash acquired   (10)
Proceeds from disposition of assets 1 1
Net cash used in investing activities of continuing operations (34) (36)
Net cash provided by investing activities of discontinued operations   5
Net cash used in investing activities (34) (31)
Cash flows from financing activities:    
Net payments on long and short-term borrowings (3) (5)
Debt retirement (128) (60)
Debt issuance 75 100
Share purchases for taxes, net of proceeds from employee share-based transactions (6) (19)
Repurchase of common stock for treasury (50) (201)
Other financing activities (1)  
Net cash used in financing activities of continuing operations (113) (185)
Net cash used in financing activities (113) (185)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1)  
Net decrease in cash, cash equivalents and restricted cash (110) (59)
Cash, cash equivalents and restricted cash at beginning of period 395 404
Cash, cash equivalents and restricted cash at end of period 285 345
Supplemental information on non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new operating lease liabilities 63 70
Right-of-use assets obtained in exchange for new finance lease liabilities 6  
Cash interest paid, net of amounts capitalized and non-recourse debt 3 $ 4
Cash taxes paid, net $ 1