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CONSOLDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income $ 305 $ 375
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 103 139
Amortization of debt issuance costs and discounts 2 6
Share-based compensation 33 36
Deferred income taxes (2) 0
Unrealized loss on forward interest rate swaps 37 28
Other, net (5) (4)
Changes in operating assets and liabilities:    
Accounts receivable, net 96 (73)
Inventories, net (7) 65
Other assets 3 (20)
Accounts payable (7) (51)
Accrued liabilities (40) (62)
Deferred revenue 58 43
Income taxes (58) (58)
Other operating activities 13 (4)
Net cash provided by operating activities 531 420
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (548) (255)
Purchases of property, plant and equipment (49) (44)
Proceeds from sale of long-term investments 6 10
Purchases of long-term investments (32) (21)
Net cash used in investing activities (623) (310)
Cash flows from financing activities:    
Payment of debt issuance costs and discounts (1) (5)
Payments of long-term debt (103) (661)
Proceeds from issuance of long-term debt 389 593
Payments of debt extinguishment costs 0 (1)
Payments for repurchases of common stock (200) (20)
Net payments related to share-based compensation plans (28) (36)
Change in unremitted cash collections from servicing factored receivables 73 8
Other financing activities 1 2
Net cash provided by (used in) financing activities 131 (120)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (1) (1)
Net increase (decrease) in cash and cash equivalents, including restricted cash 38 (11)
Cash and cash equivalents, including restricted cash, at beginning of period 30 44
Cash and cash equivalents, including restricted cash, at end of period 68 33
Less restricted cash, included in Prepaid expenses and other current assets (29) 0
Cash and cash equivalents 39 33
Supplemental disclosures of cash flow information:    
Income taxes paid 100 102
Interest paid $ 28 $ 49