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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Cash flows from operating activities:      
Net (loss) income $ (226) $ 385 $ 407
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 422 362 340
Gain on disposal of property and equipment, net (17) (1) (1)
Tangible asset impairment charges 3 1 1
Intangible asset impairment charges 9 0 0
Amortization of deferred financing costs 16 7 7
Deferred tax (benefit) provision (51) 7 45
Share-based compensation expense 40 32 28
Provision for doubtful accounts 63 21 17
Changes in operating assets and liabilities, net of business acquisitions:      
Decrease (increase) in receivables 334 (19) (71)
Decrease (increase) in inventories 201 16 (72)
(Increase) decrease in prepaid expenses and other assets (30) 9 (45)
(Decrease) increase in accounts payable and cash overdraft liability (339) (56) 79
Decrease in accrued expenses and other liabilities (12) (4) (126)
Net cash provided by operating activities 413 760 609
Cash flows from investing activities:      
Acquisition of businesses—net of cash (972) (1,832) 0
Proceeds from sales of divested assets 7 94 0
Proceeds from sales of property and equipment 44 9 3
Purchases of property and equipment (189) (258) (235)
Net cash used in investing activities (1,110) (1,987) (232)
Cash flows from financing activities:      
Proceeds from debt borrowings 3,645 6,198 4,178
Principal payments on debt and financing leases (2,692) (4,967) (4,595)
Net proceeds from issuance of Series A convertible preferred stock 491 0 0
Payment for debt financing costs and fees (33) (44) (1)
Contingent consideration paid for business acquisitions 0 0 (5)
Proceeds from employee stock purchase plan 18 19 19
Proceeds from exercise of stock options 3 19 19
Tax withholding payments for net share-settled equity awards (5) (5) (6)
Net cash provided by (used in) financing activities 1,427 1,220 (391)
Net increase (decrease) in cash, cash equivalents and restricted cash 730 (7) (14)
Cash, cash equivalents and restricted cash—beginning of year 98 105 119
Cash, cash equivalents and restricted cash—end of year 828 98 105
Supplemental disclosures of cash flow information:      
Interest paid—net of amounts capitalized 216 173 160
Income taxes (received) paid—net (1) 137 78
Property and equipment purchases included in accounts payable 21 49 28
Leased assets obtained in exchange for financing lease liabilities 73 86 101
Leased assets obtained in exchange for operating lease liabilities 48 39 0
Cashless exercise of stock options 0 1 2
Paid-in-kind Series A convertible preferred stock dividends $ 28 $ 0 $ 0