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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Cash flows from operations:    
Net income $ 583 $ 432
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 244 214
Stock-based compensation 49 45
Loss on debt extinguishment 0 31
Asset impairment charges 3 11
Deferred income taxes 4 (2)
Other (11) 15
Change in assets and liabilities, net of effects of acquisitions:    
Receivables (103) 140
Other current assets and other long-term assets 161 49
Accounts payable and accrued liabilities and other long-term liabilities (172) 211
Accrued payroll and employee benefits 83 247
Income taxes receivable/payable (20) (7)
Net cash provided by operating activities 821 1,386
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (622) (2,610)
Payments for property, equipment and software (71) (120)
Net proceeds from sale of assets 0 10
Other 0 6
Net cash used in investing activities (693) (2,714)
Cash flows from financing activities:    
Proceeds from debt issuance 380 6,225
Payments of long-term debt (80) (4,680)
Payments for debt issuance costs 0 (39)
Dividend payments (149) (148)
Repurchases of stock and other (266) (35)
Capital distributions to non-controlling interests (3) 0
Capital contributions from non-controlling interests 41 4
Proceeds from issuances of stock 33 26
Net cash (used in) provided by financing activities (44) 1,353
Net increase in cash, cash equivalents and restricted cash 84 25
Cash, cash equivalents and restricted cash at beginning of period 687 717
Cash, cash equivalents and restricted cash at end of period 771 742
Less: restricted cash at end of period 184 230
Cash and cash equivalents at end of period 587 512
Supplementary cash flow information:    
Cash paid for income taxes, net of refunds 179 110
Cash paid for interest 128 104
Property, plant and equipment additions 1 16
Finance lease obligations $ 50 $ 12