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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash flows from operating activities:    
Net loss $ (24) $ (132)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 101 101
Loss on disposal of property and equipment—net 0 1
Loss on extinguishment of debt 23 0
Amortization of deferred financing costs 3 2
Deferred tax benefit (4) (17)
Share-based compensation expense 10 7
(Benefit) provision for doubtful accounts (12) 180
Changes in operating assets and liabilities:    
(Increase) decrease in receivables (315) 157
(Increase) decrease in inventories—net (178) 6
Increase in prepaid expenses and other assets (25) (26)
Increase (decrease) in accounts payable and cash overdraft liability 555 (215)
Increase (decrease) in accrued expenses and other liabilities 42 (126)
Net cash provided by (used in) operating activities 176 (62)
Cash flows from investing activities:    
Proceeds from sales of assets 0 5
Purchases of property and equipment (46) (79)
Net cash used in investing activities (46) (74)
Cash flows from financing activities:    
Proceeds from debt borrowings 900 1,945
Principal payments on debt and financing leases (926) (827)
Debt financing costs and fees (18) 0
Proceeds from employee stock purchase plan 5 6
Proceeds from exercise of stock options 4 1
Tax withholding payments for net share-settled equity awards (12) (2)
Net cash (used in) provided by financing activities (47) 1,123
Net increase in cash, cash equivalents and restricted cash 83 987
Cash, cash equivalents and restricted cash—beginning of period 829 98
Cash, cash equivalents and restricted cash—end of period 912 1,085
Supplemental disclosures of cash flow information:    
Interest paid—net of amounts capitalized 33 41
Income taxes paid—net 0 2
Property and equipment purchases included in accounts payable 23 38
Property and equipment transferred to assets held for sale 9 14
Leased assets obtained in exchange for financing lease liabilities 7 59
Leased assets obtained in exchange for operating lease liabilities 8 2
Paid-in-kind Series A convertible preferred stock dividends $ 15 $ 0