XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net earnings $ 18 $ 108
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 109 103
Deferred income taxes (56) (9)
Loss from affiliates 27 49
Dividends received from affiliates 11 7
Other investment loss (income), net 41 (152)
Other, net 27 7
Changes in assets and liabilities:    
Receivables, net of allowance 112 15
Inventories (50) (96)
Other assets 3 26
Accounts payable (146) (20)
Other liabilities, exclusive of debt (62) 32
Net cash from operating activities 34 70
Cash flows from investing activities:    
Purchase of short-term investments (432) (863)
Proceeds from the sale of short-term investments 600 762
Proceeds from the maturity of short-term investments 26 174
Capital expenditures (160) (261)
Proceeds from the sale of non-consolidated affiliate   24
Investments in and advances to affiliates, net (8) (11)
Purchase of long-term investments (41) (14)
Other, net 2 (6)
Net cash from investing activities (13) (195)
Cash flows from financing activities:    
Lines of credit, net 30 63
Proceeds from long-term debt 7 36
Principal payments of long-term debt (63) (20)
Repurchase of common stock (13) (17)
Dividends paid (7) (7)
Other, net (7) (3)
Net cash from financing activities (53) 52
Effect of exchange rate changes on cash and cash equivalents (1) 0
Net change in cash and cash equivalents (33) (73)
Cash and cash equivalents at beginning of year 125 194
Cash and cash equivalents at end of period $ 92 $ 121