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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 59 $ 106
Adjustments to reconcile net cash from operating activities:    
Depreciation 154 139
Amortization of intangibles 60 60
Non-cash interest (income) expense, net (19) (13)
Settlement of derivatives 19 0
Deferred income tax (23) (33)
Share-based compensation expense 21 23
Other non-cash operating activities, net 11 (3)
Changes in working capital (490) (508)
Changes in other assets and liabilities 9 (4)
Net cash from operating activities (199) (233)
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (183) (211)
Net cash from investing activities (183) (211)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 1,550 0
Repayments on long-term borrowings (1,858) (84)
Proceeds from issuance of common stock 13 5
Repurchase of common stock (7) (166)
Dividends paid (36) (33)
Other, net (4) 0
Net cash from financing activities (342) (278)
Effect of currency translation on cash 28 29
Net change in cash and cash equivalents (696) (693)
Cash and cash equivalents at beginning of period 1,203 1,410
Cash and cash equivalents at end of period $ 507 $ 717