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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash Flows from Operating Activities:    
Net income $ 505 $ 364
Adjustments to reconcile net cash provided by operating activities:    
Depreciation 420 412
Amortization of intangibles 219 226
Non-cash interest 26 18
Deferred income tax (53) 30
Share-based compensation expense 34 28
Other non-cash operating activities, net 60 23
Changes in working capital (278) (93)
Changes in other assets and liabilities (21) (29)
Net cash from operating activities 912 979
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (520) (419)
Divestitures 165 0
Settlement of net investment hedges 0 281
Other 0 (14)
Net cash from investing activities (355) (152)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 2,716 1,202
Repayments on long-term borrowings (3,287) (1,859)
Proceeds from issuance of common stock 57 6
Debt financing costs (20) (16)
Net cash from financing activities (534) (667)
Effect of exchange rate changes on cash 31 (4)
Net change in cash 54 156
Cash and cash equivalents at beginning of period 750 750
Cash and cash equivalents at end of period $ 804 $ 906