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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net earnings $ 449 $ 24
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 131 109
Deferred income taxes (30) (62)
Loss from affiliates   27
Dividends received from affiliates 30 11
Other investment loss (income), net (108) 41
Other, net 17 27
Changes in assets and liabilities, net of acquisition:    
Receivables, net of allowance for credit losses (123) 112
Inventories (343) (50)
Other assets (17) 3
Accounts payable 96 (146)
Other liabilities, exclusive of debt (6) (62)
Net cash from operating activities 96 34
Cash flows from investing activities:    
Purchase of short-term investments (1,777) (432)
Proceeds from the sale of short-term investments 1,818 600
Proceeds from the maturity of short-term investments 25 26
Capital expenditures (324) (160)
Proceeds from the sale of property, plant and equipment 30 3
Acquisition of business (7)  
Principal payments received on notes receivable 21  
Purchase of long-term investments (77) (41)
Other, net 10 (9)
Net cash from investing activities (281) (13)
Cash flows from financing activities:    
Uncommitted lines of credit, net 142 1
Draws under committed lines of credit 443 263
Repayments of committed lines of credit (342) (234)
Principal payments of long-term debt (53) (63)
Repurchase of common stock   (13)
Dividends paid (7) (7)
Other, net (10)  
Net cash from financing activities 173 (53)
Effect of exchange rate changes on cash and cash equivalents (2) (1)
Net change in cash and cash equivalents (14) (33)
Cash and cash equivalents at beginning of year 76 125
Cash and cash equivalents at end of period $ 62 $ 92