XML 71 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2019
Dec. 28, 2018
Cash flows from operating activities:    
Net income $ 26 $ 276
(Income) loss from discontinued operations, net of income taxes (3) 107
Income from continuing operations 23 383
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 174 168
Deferred income taxes 394 (11)
Non-cash lease cost 27  
Provision for losses on accounts receivable and inventories 20 23
Share-based compensation expense 22 23
Other 10 18
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable, net (24) (26)
Inventories (176) (119)
Prepaid expenses and other current assets (23) 67
Accounts payable 94 (9)
Accrued and other current liabilities (185) (190)
Income taxes 10 15
Other 45 (14)
Net cash provided by continuing operating activities 411 328
Net cash used in discontinued operating activities   (31)
Net cash provided by operating activities 411 297
Cash flows from investing activities:    
Capital expenditures (176) (210)
Acquisition of businesses, net of cash acquired (115)  
Proceeds from divestiture of discontinued operation, net of cash retained by sold operation   288
Other 2 4
Net cash provided by (used in) continuing investing activities (289) 82
Net cash used in discontinued investing activities   (2)
Net cash provided by (used in) investing activities (289) 80
Cash flows from financing activities:    
Net increase (decrease) in commercial paper (9) 63
Proceeds from issuance of debt   350
Repayment of debt   (441)
Proceeds from exercise of share options 14 7
Repurchase of common shares (139) (519)
Payment of common share dividends to shareholders (154) (150)
Transfers to discontinued operations   (33)
Other (26) (29)
Net cash used in continuing financing activities (314) (752)
Net cash provided by discontinued financing activities   33
Net cash used in financing activities (314) (719)
Effect of currency translation on cash 7 (1)
Net decrease in cash, cash equivalents, and restricted cash (185) (343)
Cash, cash equivalents, and restricted cash at beginning of period 927 848
Cash, cash equivalents, and restricted cash at end of period $ 742 $ 505