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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Cash Flows from Operating Activities:    
Net income $ 130 $ 47
Adjustments to reconcile net cash provided by operating activities:    
Depreciation 141 141
Amortization of intangibles 74 75
Non-cash interest 8 4
Deferred income tax (19) (16)
Share-based compensation expense 21 19
Other non-cash operating activities, net 5 17
Changes in working capital (49) (68)
Changes in other assets and liabilities 4 (1)
Net cash from operating activities 315 218
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (162) (148)
Divestiture of business 140 0
Net cash from investing activities (22) (148)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 750 0
Repayments on long-term borrowings (985) (164)
Proceeds from issuance of common stock 7 2
Debt financing costs (6) (2)
Net cash from financing activities (234) (164)
Effect of exchange rate changes on cash 38 17
Net change in cash 97 (77)
Cash and cash equivalents at beginning of period 750 750
Cash and cash equivalents at end of period $ 847 $ 673