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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Cash flows from operating activities:      
Net income (loss) $ 164 $ (226) $ 385
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 378 422 362
Gain on disposal of property and equipment, net (1) (17) (1)
Tangible asset impairment charges 1 3 1
Intangible asset impairment charges 7 9 0
Loss on Extinguishment of Debt 23 0 0
Amortization of deferred financing costs 15 16 7
Deferred tax provision (benefit) 38 (51) 7
Share-based compensation expense 48 40 32
(Benefit) provision for doubtful accounts (24) 63 21
Changes in operating assets and liabilities, net of business acquisitions:      
(Increase) decrease in receivables (386) 334 (19)
(Increase) decrease in inventories (413) 201 16
Decrease (increase) in prepaid expenses and other assets 4 (30) 9
Increase (decrease) in accounts payable and cash overdraft liability 471 (339) (56)
Increase (decrease) in accrued expenses and other liabilities 94 (12) (4)
Net cash provided by operating activities 419 413 760
Cash flows from investing activities:      
Acquisition of businesses—net of cash 0 (972) (1,832)
Proceeds from sales of divested assets 5 7 94
Proceeds from sales of property and equipment 7 44 9
Purchases of property and equipment (274) (189) (258)
Net cash used in investing activities (262) (1,110) (1,987)
Cash flows from financing activities:      
Proceeds from debt borrowings 2,305 3,645 6,198
Principal payments on debt and financing leases (3,105) (2,692) (4,967)
Net proceeds from issuance of Series A convertible preferred stock 0 491 0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (28) 0 0
Debt financing costs and fees (30) (33) (44)
Proceeds from employee stock purchase plan 20 18 19
Proceeds from exercise of stock options 15 3 19
Tax withholding payments for net share-settled equity awards (14) (5) (5)
Net cash (used in) provided by financing activities (837) 1,427 1,220
Net (decrease) increase in cash, cash equivalents and restricted cash (680) 730 (7)
Cash, cash equivalents and restricted cash—beginning of year 828 98 105
Cash, cash equivalents and restricted cash—end of year 148 828 98
Supplemental disclosures of cash flow information:      
Interest paid—net of amounts capitalized 185 216 173
Income taxes paid (received)—net 1 (1) 137
Property and equipment purchases included in accounts payable 40 21 49
Property and equipment transferred to assets held for sale 11 24 0
Leased assets obtained in exchange for financing lease liabilities 56 73 86
Leased assets obtained in exchange for operating lease liabilities 32 48 39
Cashless exercise of stock options 1 0 1
Paid-in-kind Series A convertible preferred stock dividends $ 15 $ 28 $ 0