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CONSOLDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 189 $ 239
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68 95
Amortization of debt issuance costs and discounts 1 2
Share-based compensation 20 24
Deferred income taxes 6 (3)
Unrealized loss on forward interest rate swaps 37 23
Other, net (6) (2)
Changes in operating assets and liabilities:    
Accounts receivable, net 201 (37)
Inventories, net (36) 49
Other assets 4 (9)
Accounts payable (46) (81)
Accrued liabilities (76) (86)
Deferred revenue 45 30
Income taxes (48) (50)
Other operating activities (4) 1
Net cash provided by operating activities 355 195
Cash flows from investing activities:    
Purchases of property, plant and equipment (33) (30)
Acquisition of businesses, net of cash acquired 0 (266)
Proceeds from sale of long-term investments 0 10
Purchases of long-term investments (32) (20)
Net cash used in investing activities (65) (306)
Cash flows from financing activities:    
Payments of long-term debt (84) (81)
Proceeds from issuance of long-term debt 24 206
Payments for repurchases of common stock (200) 0
Net payments related to share-based compensation plans (31) (34)
Change in unremitted cash collections from servicing factored receivables 55 3
Other financing activities 3 0
Net cash (used in) provided by financing activities (233) 94
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (1) 0
Net increase (decrease) in cash and cash equivalents, including restricted cash 56 (17)
Cash and cash equivalents, including restricted cash, at beginning of period 30 44
Cash and cash equivalents, including restricted cash, at end of period 86 27
Less restricted cash, included in Prepaid expenses and other current assets (23) 0
Cash and cash equivalents 63 27
Supplemental disclosures of cash flow information:    
Income taxes paid 61 73
Interest paid $ 19 $ 33