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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net income $ 646 $ 305
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 136 103
Share-based compensation 58 33
Deferred income taxes (6) (2)
Unrealized (gain) loss on forward interest rate swaps (17) 37
Other, net 1 (3)
Changes in operating assets and liabilities:    
Accounts receivable, net (107) 96
Inventories, net 75 (7)
Other assets (25) 3
Accounts payable (2) (7)
Accrued liabilities 42 (40)
Deferred revenue 101 58
Income taxes (67) (58)
Other operating activities 1 13
Net cash provided by operating activities 836 531
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (307) (548)
Purchases of property, plant and equipment (38) (49)
Proceeds from sale of long-term investments 0 6
Purchases of long-term investments (24) (32)
Net cash used in investing activities (369) (623)
Cash flows from financing activities:    
Payment of debt issuance costs and discounts 0 (1)
Payments of long-term debt (277) (103)
Proceeds from issuance of long-term debt 21 389
Payments for repurchases of common stock (25) (200)
Net payments related to share-based compensation plans (48) (28)
Change in unremitted cash collections from servicing factored receivables (22) 73
Other financing activities 0 1
Net cash (used in) provided by in financing activities (351) 131
Effect of exchange rate changes on cash and cash equivalents, including restricted cash 0 (1)
Net increase in cash and cash equivalents, including restricted cash 116 38
Cash and cash equivalents, including restricted cash, at beginning of period 192 30
Cash and cash equivalents, including restricted cash, at end of period 308 68
Less restricted cash, included in Prepaid expenses and other current assets (1) (29)
Cash and cash equivalents at end of period 307 39
Supplemental disclosures of cash flow information:    
Income taxes paid 169 100
Interest paid $ 25 $ 28