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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 179 $ (103)
Adjustments to reconcile net earnings (loss) to cash from operating activities:    
Depreciation and amortization 42 36
Deferred income taxes 14 (64)
Loss (income) from affiliates (6) 4
Dividends received from affiliates 28 5
Other investment loss (income), net (71) 225
Other, net (4) 5
Changes in assets and liabilities:    
Receivables, net of allowance for credit losses (138) (48)
Inventories (177) (102)
Other assets (20) (1)
Accounts payable 27 (32)
Other liabilities, exclusive of debt (24) (31)
Net cash from operating activities (150) (106)
Cash flows from investing activities:    
Purchase of short-term investments (210) (200)
Proceeds from the sale of short-term investments 356 284
Proceeds from the maturity of short-term investments 10 17
Capital expenditures (96) (55)
Investments in and advances to affiliates, net   (5)
Principal payments received on notes receivable 11  
Purchase of long-term investments (9) (35)
Other, net 7  
Net cash from investing activities 69 6
Cash flows from financing activities:    
Uncommitted lines of credit, net 124 96
Draws under committed lines of credit 172 70
Repayments of committed lines of credit (172) (70)
Principal payments of long-term debt (48) (6)
Repurchase of common stock   (13)
Dividends paid (3) (3)
Other, net (2) 3
Net cash from financing activities 71 77
Effect of exchange rate changes on cash and cash equivalents (1) (1)
Net change in cash and cash equivalents (11) (24)
Cash and cash equivalents at beginning of year 76 125
Cash and cash equivalents at end of period $ 65 $ 101