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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Cash flows from operating activities:    
Net income $ 53 $ 45
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46 49
Charges for losses on receivables and inventories 7 8
Asset impairments 12 12
Compensation expense for share-based payments 10 7
Deferred income taxes and deferred tax asset valuation allowances 6 24
Changes in working capital and other operating activities (48) 43
Net cash provided by operating activities 86 188
Cash flows from investing activities:    
Capital expenditures (13) (25)
Businesses acquired, net of cash acquired (28) (18)
Proceeds from collection of notes receivable   818
Other investing activities 8 1
Net cash provided by (used in) investing activities (33) 776
Cash flows from financing activities:    
Net payments on long and short-term borrowings (6) (25)
Debt retirement   (735)
Cash dividends on common stock   (13)
Share purchases for taxes, net of proceeds from employee share-based transactions (23) (4)
Repurchase of common stock for treasury   (30)
Other financing activities (1) (1)
Net cash used in financing activities (30) (808)
Effect of exchange rate changes on cash and cash equivalents 1 (12)
Net increase in cash and cash equivalents 24 144
Cash, cash equivalents and restricted cash at beginning of period 729 700
Cash, cash equivalents and restricted cash at end of period 753 844
Supplemental information on non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new finance lease liabilities   3
Right-of-use assets obtained in exchange for new operating lease liabilities 11 $ 54
Business acquired in exchange for common stock issuance $ 35