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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities:    
Net loss $ (7) $ (24)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 89 101
Gain on disposal of property and equipment—net (1) 0
Loss on extinguishment of debt 0 23
Amortization of deferred financing costs 3 3
Deferred tax provision (benefit) 4 (4)
Share-based compensation expense 12 10
Provision (benefit) for doubtful accounts 0 (12)
Changes in operating assets and liabilities:    
Increase in receivables (243) (315)
Increase in inventories—net (140) (178)
Increase in prepaid expenses and other assets (37) (25)
Increase in accounts payable and cash overdraft liability 463 555
Increase in accrued expenses and other liabilities 15 42
Net cash provided by operating activities 158 176
Cash flows from investing activities:    
Proceeds from sales of property and equipment 2 0
Purchases of property and equipment (72) (46)
Net cash used in investing activities (70) (46)
Cash flows from financing activities:    
Proceeds from debt borrowings 103 900
Principal payments on debt and financing leases (131) (926)
Dividends, Preferred Stock, Cash (9) 0
Debt financing costs and fees 0 (18)
Proceeds from employee stock purchase plan 5 5
Proceeds from exercise of stock options 2 4
Tax withholding payments for net share-settled equity awards (16) (12)
Net cash used in financing activities (46) (47)
Net increase in cash, and cash equivalents and restricted cash 42 83
Cash, cash equivalents and restricted cash—beginning of period 148 829
Cash, cash equivalents and restricted cash—end of period 190 912
Supplemental disclosures of cash flow information:    
Interest paid—net of amounts capitalized 37 33
Income taxes paid—net 1 0
Property and equipment purchases included in accounts payable 29 23
Property and equipment transferred to assets held for sale 0 9
Leased assets obtained in exchange for financing lease liabilities 7 7
Leased assets obtained in exchange for operating lease liabilities 7 8
Cashless exercise of stock options 1 0
Paid-in-kind Series A convertible preferred stock dividends $ 0 $ 15