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CONSOLDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 239 $ 179
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 95 86
Amortization of debt issuance costs and discounts 2 9
Share-based compensation 24 24
Deferred income taxes (3) 3
Unrealized loss/(gain) on forward interest rate swaps 23 (18)
Other, net (2) 2
Changes in operating assets and liabilities:    
Accounts receivable, net (37) (26)
Inventories, net 49 (11)
Other assets (9) (9)
Accounts payable (81) 21
Accrued liabilities (86) (48)
Deferred revenue 30 22
Income taxes (50) 24
Other operating activities 1 8
Net cash provided by operating activities 195 266
Cash flows from investing activities:    
Purchases of property, plant and equipment (30) (33)
Acquisition of businesses, net of cash acquired (266) 0
Proceeds from sale of long-term investments 10 2
Purchases of long-term investments (20) (2)
Net cash used in investing activities (306) (33)
Cash flows from financing activities:    
Payment of debt issuance costs and discounts 0 2
Payments of long-term debt (81) (1,114)
Proceeds from issuance of long-term debt 206 879
Payments of debt extinguishment costs 0 (1)
Payments of taxes related to net settlements of equity awards, net of proceeds from exercise of stock options and stock purchase plan purchases (34) (4)
Other financing activities 3 0
Net cash provided by/(used in) financing activities 94 (242)
Effect of exchange rate changes on cash 0 (7)
Net decrease in cash and cash equivalents (17) (16)
Cash and cash equivalents at beginning of period 44 62
Cash and cash equivalents at end of period 27 46
Supplemental disclosures of cash flow information:    
Income taxes paid 73 21
Interest paid $ 33 $ 52