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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Oct. 02, 2021
Cash Flows from Operating Activities:      
Net income $ 609 $ 766 $ 733
Adjustments to reconcile net cash from operating activities:      
Depreciation 575 562 566
Amortization of intangibles 243 257 288
Non-cash interest expense (61) 6 32
Share-based compensation expense 42 39 40
Deferred income tax (117) (48) (73)
Other non-cash operating activities, net 22 (22) 49
Settlement of derivatives 36 201 0
Changes in operating assets and liabilities:      
Accounts receivable 294 (86) (331)
Inventories 343 (3) (639)
Prepaid expenses and other assets 1 11 (30)
Accounts payable and other liabilities (372) (120) 945
Net cash from operating activities 1,615 1,563 1,580
Cash Flows from Investing Activities:      
Additions to property, plant and equipment, net (689) (687) (676)
Acquisition of businesses (87) 0 0
Divestiture of businesses 0 128 165
Settlement of net investment hedges 0 76 0
Net cash from investing activities (776) (483) (511)
Cash Flows from Financing Activities:      
Proceeds from long-term borrowings 496 0 2,716
Repayment of long-term borrowings (869) (22) (3,496)
Proceeds from issuance of common stock 36 27 60
Repurchase of common stock (601) (709) 0
Dividends paid (127) 0 0
Debt financing costs (6) 0 (21)
Net cash from financing activities (1,071) (704) (741)
Effect of currency translation on cash 25 (57) 13
Net change in cash and cash equivalents (207) 319 341
Cash and cash equivalents at beginning of period 1,410 1,091 750
Cash and cash equivalents at end of period $ 1,203 $ 1,410 $ 1,091