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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income   $ 176
Loss from discontinued operations, net of tax $ (95) (32)
Net income (loss) from continuing operations 95 208
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 73 75
Amortization of debt discount and issuance costs 1 1
Charges for losses on receivables and inventories 17 16
Asset impairments 21 13
Gain on disposition of assets, net (1) (3)
Compensation expense for share-based payments 23 22
Deferred income taxes and deferred tax asset valuation allowances 13 39
Changes in working capital and other operating activities (117) (82)
Net cash provided by operating activities of continuing operations 125 289
Net cash used in operating activities of discontinued operations (23) (27)
Net cash provided by operating activities 102 262
Cash flows from investing activities:    
Capital expenditures (72) (56)
Businesses acquired, net of cash acquired (11) (9)
Proceeds from disposition of assets 1 105
Settlement of company-owned life insurance policies 4 3
Net cash provided by (used in) investing activities of continuing operations (78) 43
Net cash used in investing activities of discontinued operations (7) (15)
Net cash provided by (used in) investing activities (85) 28
Cash flows from financing activities:    
Payments on credit facilities and debt retirement (450) (204)
Borrowings under credit facilities 520 200
Net payments on other long and short-term borrowings (8) (12)
Share purchases for taxes, net of proceeds from employee share-based transactions (15) (26)
Repurchase of common stock for treasury (254) (264)
Other financing activities (7)  
Net cash used in financing activities of continuing operations (214) (306)
Net cash used in financing activities (214) (306)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1)  
Net decrease in cash, cash equivalents and restricted cash (198) (16)
Cash, cash equivalents and restricted cash at beginning of period 395 404
Cash, cash equivalents and restricted cash at end of period 197 388
Supplemental information on non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new operating lease liabilities 202 275
Right-of-use assets obtained in exchange for new finance lease liabilities 9 4
Cash interest paid, net of amounts capitalized and non-recourse debt 13 5
Cash taxes paid, net $ 14 $ 27