XML 20 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities:    
Net income $ 244 $ 175
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 69 67
Loss on extinguishment of debt   41
Share-based compensation expense 36 29
Other, net (15) 4
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (142) (78)
Inventories, net (129) (40)
Other current assets (38) (6)
Accounts payable 5 (19)
Accrued liabilities (25) 26
Other, net 8 4
Net cash provided by operating activities 13 203
Cash flows from investing activities:    
Capital expenditures (34) (48)
Acquisitions, net of cash acquired (660) (11)
Other, net (13) 3
Net cash used in investing activities (707) (56)
Cash flows from financing activities:    
Proceeds from issuance of A&R Term B Facility 200 1,250
Payments of debt facility issuance and modification costs (4) (39)
Repayments of long-term debt (9) (1,185)
Other, net (5) 2
Net cash provided by financing activities 182 28
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (12) (6)
Net (decrease) increase in cash, cash equivalents and restricted cash (524) 169
Cash, cash equivalents and restricted cash at beginning of period 779 517
Cash, cash equivalents and restricted cash at end of period 255 686
Supplemental Cash Flow Information:    
Interest paid 38 33
Income taxes paid, net $ 129 $ 84