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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 355 $ (130)
Adjustments to reconcile net earnings (loss) to cash from operating activities:    
Depreciation and amortization 87 72
Deferred income taxes (26) (46)
Loss (income) from affiliates (1) 21
Dividends received from affiliates 30 7
Other investment loss (income), net (117) 97
Other, net 4 22
Changes in assets and liabilities:    
Receivables, net of allowance for credit losses (109) 86
Inventories (319) 22
Other assets (51) 5
Accounts payable 86 (177)
Other liabilities, exclusive of debt (7) 21
Net cash from operating activities (68)  
Cash flows from investing activities:    
Purchase of short-term investments (1,482) (311)
Proceeds from the sale of short-term investments 1,569 464
Proceeds from the maturity of short-term investments 19 20
Capital expenditures (223) (108)
Proceeds from the sale of property, plant and equipment 14 2
Principal payments received on notes receivable 11  
Purchase of long-term investments (14) (38)
Other, net 1 (6)
Net cash from investing activities (105) 23
Cash flows from financing activities:    
Uncommitted lines of credit, net 152 (22)
Draws under committed lines of credit 402 205
Repayments of committed lines of credit (302) (205)
Principal payments of long-term debt (50) (31)
Repurchase of common stock   (13)
Dividends paid (5) (5)
Other, net (5) 3
Net cash from financing activities 192 (68)
Effect of exchange rate changes on cash and cash equivalents (3) (1)
Net change in cash and cash equivalents 16 (46)
Cash and cash equivalents at beginning of year 76 125
Cash and cash equivalents at end of period $ 92 $ 79