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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities:    
Net earnings $ 104 $ 179
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 50 42
Deferred income taxes (23) 14
Income from affiliates (23) (6)
Dividends received from affiliates 6 28
Other investment loss (income), net 65 (71)
Other, net 8 (4)
Changes in assets and liabilities, net of dispositions:    
Receivables, net of allowance for credit losses (99) (138)
Inventories (45) (177)
Other assets (2) (20)
Accounts payable 67 27
Other liabilities, exclusive of debt (2) (24)
Net cash from operating activities 106 (150)
Cash flows from investing activities:    
Purchase of short-term investments (165) (210)
Proceeds from the sale of short-term investments 220 356
Proceeds from the maturity of short-term investments 7 10
Capital expenditures (161) (96)
Purchase of long-term investments (13) (9)
Proceeds from sale of subsidiaries, net of cash sold 13  
Other, net 2 18
Net cash from investing activities (97) 69
Cash flows from financing activities:    
Uncommitted lines of credit, net 27 124
Draws under committed lines of credit 379 172
Repayments of committed lines of credit (385) (172)
Principal payments of long-term debt (3) (48)
Dividends paid (3) (3)
Other, net (6) (2)
Net cash from financing activities 9 71
Effect of exchange rate changes on cash and cash equivalents 1 (1)
Net change in cash and cash equivalents 19 (11)
Cash and cash equivalents at beginning of year 75 76
Cash and cash equivalents at end of period $ 94 $ 65