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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 368 $ 423
Adjustments to reconcile net cash from operating activities:    
Depreciation 463 425
Amortization of intangibles 177 181
Non-cash interest (income), net (61) (45)
Settlement of derivatives 27 36
Deferred income tax (78) (94)
Share-based compensation expense 38 36
Loss on divestitures 57 0
Other non-cash operating activities, net 14 18
Changes in working capital (700) (473)
Changes in other assets and liabilities (8) (17)
Net cash from operating activities 297 490
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (473) (560)
Divestiture of business 47 0
Acquisition of business and other (68) (88)
Net cash from investing activities (494) (648)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 3,150 500
Repayments on long-term borrowings (3,441) (687)
Proceeds from issuance of common stock 33 26
Repurchase of common stock (117) (415)
Dividends paid (104) (97)
Other, net (22) 7
Net cash from financing activities (501) (666)
Effect of currency translation on cash 4 47
Net change in cash and cash equivalents (694) (777)
Cash and cash equivalents at beginning of period 1,203 1,410
Cash and cash equivalents at end of period $ 509 $ 633