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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 29, 2018
USD ($)
Dec. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Cash flows from operating activities of continuing operations:      
Net income $ 104 $ 181 $ 529
Income (Loss) from discontinued operations, net of tax 5 35 (150)
Net income from continuing operations 99 146 679
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 192 159 181
Amortization of debt discount and issuance costs 10 3 3
Charges for losses on receivables and inventories 37 70 78
Asset impairments 7 4 15
Loss on extinguishment and modification of debt 15   15
Compensation expense for share-based payments 27 28 40
Deferred income taxes and deferred tax asset valuation allowances 40 137 (231)
Gain on disposition of assets (5) (4) (9)
Other 9 (1)  
Changes in assets and liabilities:      
Decrease in receivables 43 15 55
Decrease (increase) in inventories (2) 160 56
Net decrease (increase) in prepaid expenses and other assets 4 2 (51)
Net increase (decrease) in trade accounts payable, accrued expenses and other current and other long-term liabilities 140 (252) (339)
Total adjustments 517 321 (187)
Net cash provided by operating activities of continuing operations 616 467 492
Cash flows from investing activities of continuing operations:      
Capital expenditures (187) (141) (111)
Purchase of leased head office facility   (42)  
Businesses acquired, net of cash acquired (81) (872)  
Proceeds from disposition of assets 15 30 23
Other investing activities 4 (5) 4
Net cash used in investing activities of continuing operations (249) (1,030) (84)
Cash flows from financing activities of continuing operations:      
Net payments on long and short-term borrowings (97) (31) (49)
Cash used in extinguishment and modification of debt (7)   (12)
Debt retirement (194)   (250)
Debt issuance   728  
Cash dividends on common stock (55) (53) (26)
Share purchases for taxes, net of proceeds from employee share-based transactions (3) (17)  
Repurchase of common stock for treasury (39) (56) (132)
Payment to extinguish capital lease obligation   (92)  
Acquisition of non-controlling interest (18)    
Other financing activities (1) (6) (6)
Net cash provided by (used in) financing activities of continuing operations (414) 473 (475)
Cash flows from discontinued operations:      
Operating activities of discontinued operations 11 (9) (122)
Investing activities of discontinued operations 66 (68) (70)
Financing activities of discontinued operations (8) 5
Net cash used in discontinued operations 77 (85) (187)
Effect of exchange rate changes on cash and cash equivalents (9) 7 (8)
Net increase (decrease) in cash, cash equivalents and restricted cash 21 (168) (262)
Cash, cash equivalents and restricted cash at beginning of period 639 807 1,069
Cash, cash equivalents and restricted cash at end of period 660 639 807
Cash and cash equivalents of discontinued operations   (14) (44)
Cash, cash equivalents and restricted cash at end of period — continuing operations 660 625 763
Supplemental information on operating, investing, and financing activities      
Cash interest paid, net of amounts capitalized and Timber notes/Non-recourse debt 93 34 63
Cash taxes paid (refunded) (5) 18 48
Non-cash asset additions under capital leases $ 24 $ 5 $ 9