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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 28, 2019
Dec. 29, 2018
OPERATING ACTIVITIES:    
Net Income $ 305 $ 196
Net income from discontinued operations (71) 0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 29 15
Amortization of intangible assets 40 20
Amortization of debt issuance costs, original issue discount and premium 8 6
Amortization of inventory step-up 0 4
Loss contracts amortization (11) (2)
Refinancing costs 22 0
Non-cash equity compensation 26 18
Deferred income taxes (2) 0
Changes in assets/liabilities, net of effects from acquisitions of businesses:    
Trade accounts receivable 51 45
Inventories (69) (29)
Income taxes receivable/payable 30 52
Other assets (5) (9)
Accounts payable (14) 3
Accrued interest 88 21
Accrued and other liabilities 6 (10)
Net Cash Provided by (Used in) Operating Activities 433 330
INVESTING ACTIVITIES:    
Capital expenditures (27) (24)
Payments made in connection with acquisitions, net of cash acquired 0 (29)
Proceeds in connection with the sale of discontinued operations, net 904 0
Net Cash Provided by (Used in) Investing Activities 877 (53)
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 20 14
Dividend equivalent payments (64) (24)
Redemption of senior subordinated notes due 2022, net (1,168) 0
Proceeds from 5.50% senior subordinated notes due 2027, net 2,625 0
Other, net 1 0
Net Cash Provided by (Used in) Financing Activities 1,414 (10)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 3 (3)
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,727 264
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,467 2,073
CASH AND CASH EQUIVALENTS, END OF PERIOD 4,194 2,337
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 155 154
Cash paid during the period for income taxes, net of refunds $ 29 $ 2