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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net earnings (loss) $ 22 $ (16)
Adjustments to reconcile net earnings (loss) to cash from operating activities:    
Depreciation and amortization 69 71
Deferred income taxes (15) (43)
Income from affiliates (19) (26)
Dividends received from affiliates 2 19
Other investment income, net (18) (27)
Other, net 7 11
Changes in assets and liabilities, net of acquisition:    
Receivables, net of allowance for credit losses (23) 93
Inventories 131 85
Other assets (12) (10)
Accounts payable (65) (58)
Other liabilities, exclusive of debt (60) (6)
Net cash from operating activities 19 93
Cash flows from investing activities:    
Purchase of short-term investments (366) (374)
Proceeds from sale of short-term investments 360 254
Proceeds from maturity of short-term investments   27
Capital expenditures (104) (111)
Proceeds from the sale of property, plant and equipment 6 14
Acquisition of a business (3)  
Other, net (6) (1)
Net cash from investing activities (113) (191)
Cash flows from financing activities:    
Uncommitted lines of credit, net 19 (55)
Draws under committed lines of credit 473 426
Repayments of committed lines of credit (354) (368)
Principal payments of long-term debt (3) (2)
Finance lease payments (14) (14)
Dividends paid (2) (3)
Net cash from financing activities 119 (16)
Effect of exchange rate changes on cash and cash equivalents (3) (1)
Net change in cash and cash equivalents 22 (115)
Cash and cash equivalents at beginning of year 56 199
Cash and cash equivalents at end of period $ 78 $ 84