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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net (loss) income $ (216) $ 293
Income from discontinued operations 0 (1)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 316 260
Gain on disposal of property and equipment—net (15) (1)
Asset impairment charges 9 0
Amortization of deferred financing costs 12 3
Deferred tax (benefit) provision (65) 7
Share-based compensation expense 29 22
Provision for doubtful accounts 80 14
Changes in operating assets and liabilities:    
Decrease (increase) in receivables 182 (162)
Decrease (increase) in inventories—net 161 (22)
Decrease in prepaid expenses and other assets 30 14
Increase in accounts payable and cash overdraft liability 19 160
Decrease in accrued expenses and other liabilities (9) (29)
Net cash provided by operating activities of continuing operations 533 558
Net cash provided by operating activities of discontinued operations 0 1
Net cash provided by operating activities 533 559
Cash flows from investing activities:    
Acquisition of businesses—net of cash (973) (1,829)
Proceeds from sales of assets 7 0
Proceeds from sales of property and equipment 33 9
Purchases of property and equipment (154) (157)
Net cash used in investing activities (1,087) (1,977)
Cash flows from financing activities:    
Proceeds from debt borrowings 3,645 5,084
Principal payments on debt and financing leases (2,640) (3,654)
Net proceeds from issuance of Series A Convertible Preferred Stock 491 0
Debt financing costs and fees (33) (42)
Proceeds from employee stock purchase plan 15 15
Proceeds from exercise of stock options 2 13
Tax withholding payments for net share-settled equity awards (5) (5)
Net cash provided by financing activities 1,475 1,411
Net increase (decrease) in cash, cash equivalents and restricted cash 921 (7)
Cash, cash equivalents and restricted cash—beginning of period 98 105
Cash, cash equivalents and restricted cash—end of period 1,019 98
Supplemental disclosures of cash flow information:    
Interest paid—net of amounts capitalized 122 112
Income taxes paid—net 3 116
Property and equipment purchases included in accounts payable 11 21
Leased assets obtained in exchange for financing lease liabilities 63 77
Leased assets obtained in exchange for operating lease liabilities 21 11
Cashless exercise of stock options 0 1
Paid-in-kind Series A Convertible Preferred Stock Dividends $ 5 $ 0