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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Jul. 01, 2017
Jun. 25, 2016
Cash flows from operating activities of continuing operations:        
Net income $ 24 $ 210 $ 140 $ 256
Income (loss) from discontinued operations, net of tax 3 (22) 45 (38)
Net income from continuing operations 21 232 95 294
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     79 97
Charges for losses on inventories and receivables     35 30
Asset impairments 1   1  
Compensation expense for share-based payments     17 14
Deferred income taxes     42 2
Changes in working capital and other     (154) (189)
Net cash provided by operating activities of continuing operations     115 248
Cash flows from investing activities of continuing operations:        
Capital expenditures     (55) (45)
Proceeds from disposition of assets and other     33 11
Net cash used in investing activities of continuing operations     (22) (34)
Cash flows from financing activities of continuing operations:        
Net payments on long and short-term borrowings     (15) (34)
Debt related fees       (6)
Cash dividends on common stock (13)   (26)  
Share purchase for taxes, net of proceeds on employee-related plans     (14) 1
Repurchase of common stock for treasury     (17) (26)
Net cash used in financing activities of continuing operations     (72) (65)
Cash flows from discontinued operations:        
Operating activities of discontinued operations     21 (100)
Investing activities of discontinued operations     (26) (3)
Financing activities of discontinued operations     (8) 2
Net cash used in discontinued operations     (13) (101)
Effect of exchange rate changes on cash and cash equivalents     5 1
Net increase in cash and cash equivalents     13 49
Cash and cash equivalents at beginning of period     807 1,069
Cash and cash equivalents at end of period-total 820 1,118 820 1,118
Cash and cash equivalents of discontinued operations (57) (104) (57) (104)
Cash and cash equivalent at end of the period-continuing operations $ 763 $ 1,014 $ 763 $ 1,014