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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities:    
Net earnings $ 36 $ 212
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 142 102
Deferred income taxes (60) (80)
Income from affiliates (51) (46)
Dividends received from affiliates 65 16
Other investment loss (income), net (50) 227
Other, net 17 17
Changes in assets and liabilities, net of dispositions:    
Receivables, net of allowance for credit losses 109 (201)
Inventories 66 (192)
Other assets (7) (25)
Accounts payable (79) 79
Other liabilities, exclusive of debt 16 8
Net cash from operating activities 204 117
Cash flows from investing activities:    
Purchase of short-term investments (627) (263)
Proceeds from sale of short-term investments 507 408
Proceeds from maturity of short-term investments 47 9
Capital expenditures (219) (273)
Proceeds from the sale of property, plant and equipment 20 13
Purchase of long-term investments (10) (33)
Proceeds from the sale of subsidiaries, net of cash sold   15
Proceeds from sale of non-consolidated affiliates   13
Other, net   (8)
Net cash from investing activities (282) (119)
Cash flows from financing activities:    
Uncommitted lines of credit, net (89) 96
Draws under committed lines of credit 757 859
Repayments of committed lines of credit (681) (910)
Principal payments of long-term debt (4) (5)
Finance lease payments (29) (15)
Dividends paid (5) (5)
Net cash from financing activities (51) 20
Effect of exchange rate changes on cash and cash equivalents (2) 2
Net change in cash and cash equivalents (131) 20
Cash and cash equivalents at beginning of year 199 75
Cash and cash equivalents at end of period $ 68 $ 95