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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 14 $ 59
Loss from discontinued operations (67) (6)
Income from continuing operations 81 65
Adjustments to reconcile net cash from operating activities:    
Depreciation 124 123
Amortization of intangibles 46 47
Non-cash interest (income), net (12) (20)
Settlement of derivatives 0 19
Deferred income tax (28) (16)
Share-based compensation expense 21 18
Other non-cash operating activities, net (23) 14
Changes in working capital (608) (425)
Changes in other assets and liabilities 27 7
Operating cash used in continuing operations (372) (168)
Operating cash used in discontinued operations (106) (31)
Net cash from operating activities (478) (199)
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (134) (168)
Acquisition of business and other (48) 0
Investing cash used in continuing operations (182) (168)
Investing cash used in discontinued operations (9) (15)
Net cash from investing activities (191) (183)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 0 1,550
Repayments on long-term borrowings (106) (1,858)
Proceeds from HHNF long-term borrowings related to spin (Note 2) 1,585 0
Cash transferred to HHFN related to spin, net (Note 2) (624) 0
Proceeds from issuance of common stock 19 13
Repurchase of common stock 0 (7)
Dividends paid (36) (36)
Debt financing costs and other (Note 2) (39) (4)
Net cash from financing activities 799 (342)
Effect of currency translation on cash (44) 28
Net change in cash and cash equivalents 86 (696)
Cash and cash equivalents at beginning of period 1,095 1,203
Cash and cash equivalents at end of period $ 1,181 $ 507