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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (29) $ 15
Loss from discontinued operations, net of tax 0 (16)
Net income (loss) from continuing operations (29) 31
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 27 25
Amortization of debt discount and issuance costs   1
Charges for losses on receivables and inventories 4 9
Asset impairments 38 6
Compensation expense for share-based payments 7 9
Deferred income taxes and deferred tax asset valuation allowances (15) (8)
Changes in working capital and other operating activities 25 (29)
Net cash provided by operating activities of continuing operations 57 44
Net cash used in operating activities of discontinued operations   (6)
Net cash provided by operating activities 57 38
Cash flows from investing activities:    
Capital expenditures (21) (31)
Proceeds from disposition of assets   1
Settlement of company-owned life insurance policies 9  
Net cash used in investing activities of continuing operations (12) (30)
Net cash used in investing activities of discontinued operations (2) (4)
Net cash used in investing activities (14) (34)
Cash flows from financing activities:    
Payments on credit facilities and debt retirement (219) (128)
Borrowings under credit facilities 201 75
Net payments on other long and short-term borrowings (3) (3)
Share purchases for taxes, net of proceeds from employee share-based transactions (2) (6)
Repurchase of common stock for treasury   (50)
Other financing activities (1) (1)
Net cash used in financing activities of continuing operations (24) (113)
Net cash used in financing activities (24) (113)
Effect of exchange rate changes on cash, cash equivalents and restricted cash   (1)
Net increase (decrease) in cash, cash equivalents and restricted cash 19 (110)
Cash, cash equivalents and restricted cash at beginning of period 171 395
Cash, cash equivalents and restricted cash at end of period 190 285
Supplemental information on non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new operating lease liabilities 22 63
Right-of-use assets obtained in exchange for new finance lease liabilities 5 6
Interest paid 5 3
Cash taxes paid, net $ 4 $ 1