XML 53 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2020
Dec. 28, 2018
Dec. 29, 2017
Cash flows from operations:      
Net income $ 670 $ 582 $ 364
Adjustments to reconcile net income to net cash provided by operations:      
Gain on sale of businesses (88) 0 0
Depreciation and amortization 234 257 336
Amortization of equity method investments 11 10 14
Stock-based compensation 52 44 43
Deferred income taxes 18 (49) 132
Bad debt expense 12 0 10
Non-cash interest (income) expense (10) 6 12
Asset impairment charges 0 7 0
Promissory note impairment 0 0 33
Other 2 2 9
Change in assets and liabilities, net of effects of acquisitions and dispositions:      
Receivables 116 (58) (191)
Other current assets (44) (73) (76)
Accounts payable and accrued liabilities 116 (46) 152
Accrued payroll and employee benefits (29) (12) 8
Income taxes receivable/payable 34 10 (283)
Other long-term assets (49) 56 36
Other long-term liabilities (53) 32 (73)
Net cash provided by operating activities 992 768 526
Cash flows from investing activities:      
Proceeds from disposition of businesses 178 0 0
Payments for property, equipment and software (121) (73) (81)
Net proceeds from sale of assets 96 0 8
Acquisitions of businesses (94) (81) 0
Collections on promissory notes 5 40 2
Other 1 0 0
Net cash provided by (used in) investing activities 65 (114) (71)
Cash flows from financing activities:      
Repurchases of stock and other (458) (438) (31)
Dividend payments (198) (198) (198)
Payments of long-term debt (80) (59) (209)
Proceeds from issuances of stock 27 14 13
Payment of tax indemnification liability 0 (23) 0
Proceeds from real estate financing transaction   14 0
Other 0 (17) (4)
Net cash used in financing activities (709) (707) (429)
Net increase (decrease) in cash, cash equivalents and restricted cash 348 (53) 26
Cash, cash equivalents and restricted cash at beginning of year 369 422 396
Cash, cash equivalents and restricted cash at end of year $ 717 $ 369 $ 422