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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income (loss) $ (58) $ 107
Loss from discontinued operations, net of tax (85) (20)
Net income (loss) from continuing operations 27 127
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 49 50
Amortization of debt discount and issuance costs 1 1
Charges for losses on receivables and inventories 12 10
Asset impairments 14 10
Gain on disposition of assets, net (1) (1)
Compensation expense for share-based payments 20 14
Deferred income taxes and deferred tax asset valuation allowances (18) 23
Changes in working capital and other operating activities (61) (65)
Net cash provided by operating activities of continuing operations 43 169
Net cash used in operating activities of discontinued operations (16) (20)
Net cash provided by operating activities 27 149
Cash flows from investing activities:    
Capital expenditures (50) (36)
Businesses acquired, net of cash acquired   (10)
Proceeds from disposition of assets 1 101
Settlement of company-owned life insurance policies 1 1
Net cash provided by (used in) investing activities of continuing operations (48) 56
Net cash used in investing activities of discontinued operations (5) (10)
Net cash provided by (used in) investing activities (53) 46
Cash flows from financing activities:    
Net payments on long and short-term borrowings (5) (9)
Debt retirement (240) (165)
Debt issuance 246 165
Share purchases for taxes, net of proceeds from employee share-based transactions (15) (23)
Repurchase of common stock for treasury (153) (231)
Other financing activities (7)  
Net cash used in financing activities of continuing operations (174) (263)
Net cash used in financing activities (174) (263)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2) 1
Net decrease in cash, cash equivalents and restricted cash (202) (67)
Cash, cash equivalents and restricted cash at beginning of period 395 404
Cash, cash equivalents and restricted cash at end of period 193 337
Supplemental information on non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new operating lease liabilities 155 148
Right-of-use assets obtained in exchange for new finance lease liabilities 8 3
Cash interest paid, net of amounts capitalized and non-recourse debt 8 10
Cash taxes paid, net $ 11 $ 19