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CONSOLDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Net income $ 89 $ 115
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34 47
Amortization of debt issuance costs and discounts 1 1
Share-based compensation 7 10
Deferred income taxes (2) (10)
Unrealized loss on forward interest rate swaps 34 8
Other, net (1) 1
Changes in operating assets and liabilities:    
Accounts receivable, net 108 28
Inventories, net 33 23
Other assets (4) (10)
Accounts payable (109) (97)
Accrued liabilities (87) (94)
Deferred revenue 19 18
Income taxes (16) 2
Other operating activities 2 0
Net cash provided by operating activities 108 42
Cash flows from investing activities:    
Purchases of property, plant and equipment (13) (15)
Acquisition of businesses, net of cash acquired 0 (179)
Proceeds from sale of long-term investments 0 10
Purchases of long-term investments (2) 0
Net cash used in investing activities (15) (184)
Cash flows from financing activities:    
Payments of long-term debt (36) (37)
Proceeds from issuance of long-term debt 157 183
Payments for repurchases of common stock (200) 0
Net payments related to share-based compensation plans (1) 3
Change in unremitted cash collections from servicing factored receivables (22) 12
Other financing activities 4 0
Net cash (used in) provided by financing activities (98) 161
Effect of exchange rate changes on cash (1) (2)
Net (decrease) increase in cash and cash equivalents (6) 17
Cash and cash equivalents at beginning of period 30 44
Cash and cash equivalents at end of period 24 61
Supplemental disclosures of cash flow information:    
Income taxes paid 30 22
Interest paid $ 9 $ 16