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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash Flows from Operating Activities:    
Net income $ 533 $ 505
Adjustments to reconcile net cash from operating activities:    
Depreciation 424 420
Amortization of intangibles 196 219
Non-cash interest expense 11 26
Deferred income tax (66) (53)
Share-based compensation expense 34 34
Other non-cash operating activities, net (2) 60
Settlement of derivatives 69 0
Changes in working capital (800) (278)
Changes in other assets and liabilities (54) (21)
Net cash from operating activities 345 912
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (556) (520)
Divestiture of businesses 125 165
Other investing activities 6 0
Net cash from investing activities (425) (355)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 170 2,716
Repayments on long-term borrowings (16) (3,287)
Proceeds from issuance of common stock 24 57
Repurchase of common stock (637) 0
Debt financing costs 0 (20)
Net cash from financing activities (459) (534)
Effect of currency translation on cash (25) 31
Net change in cash and cash equivalents (564) 54
Cash and cash equivalents at beginning of period 1,091 750
Cash and cash equivalents at end of period $ 527 $ 804