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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 29, 2018
Cash Flows from Operating Activities:      
Net income $ 559 $ 404 $ 496
Adjustments to reconcile net cash from operating activities:      
Depreciation 545 419 384
Amortization of intangibles 300 194 154
Non-cash interest expense 27 1 4
Share-based compensation expense 33 27 23
Deferred income tax (96) (52) (86)
Settlement of derivatives 11 19 30
Transaction activities 0 (38) 0
Other non-cash operating activities, net 42 (1) 16
Changes in operating assets and liabilities:      
Accounts receivable 49 150 (53)
Inventories 48 99 (79)
Prepaid expenses and other assets (12) 14 18
Accounts payable and other liabilities 24 (35) 97
Net cash from operating activities 1,530 1,201 1,004
Cash Flows from Investing Activities:      
Additions to property, plant and equipment, net (583) (399) (333)
Divestiture of business 0 326 0
Acquisition of business and purchase price derivatives (14) (6,178) (702)
Settlement of net investment hedges 281 0 0
Net cash from investing activities (316) (6,251) (1,035)
Cash Flows from Financing Activities:      
Proceeds from long-term borrowings 1,202 6,784 498
Repayment of long-term borrowings (2,436) (1,214) (335)
Proceeds from issuance of common stock 30 55 23
Repurchase of common stock 0 (74) (33)
Payment of tax receivable agreement 0 (38) (37)
Debt financing costs (16) (87) (3)
Net cash from financing activities (1,220) 5,426 113
Effect of currency translation on cash 6 (7) (7)
Net change in cash and cash equivalents 0 369 75
Cash and cash equivalents at beginning of period 750 381 306
Cash and cash equivalents at end of period $ 750 $ 750 $ 381