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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities:    
Net income (loss) $ 82 $ (7)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 98 89
Gain on disposal of property and equipment—net (1) (1)
Amortization of deferred financing costs 7 3
Deferred tax provision 5 4
Share-based compensation expense 14 12
Provision for doubtful accounts 10 0
Changes in operating assets and liabilities:    
Increase in receivables (197) (243)
Increase in inventories—net (9) (140)
Decrease (increase) in prepaid expenses and other assets 2 (37)
Increase in accounts payable and cash overdraft liability 321 463
(Decrease) increase in accrued expenses and other liabilities (53) 15
Net cash provided by operating activities 279 158
Cash flows from investing activities:    
Proceeds from sales of property and equipment 1 2
Purchases of property and equipment (61) (72)
Net cash used in investing activities (60) (70)
Cash flows from financing activities:    
Proceeds from debt borrowings 13 103
Principal payments on debt and financing leases (111) (131)
Dividends, Preferred Stock, Cash (7) (9)
Proceeds from employee stock purchase plan 5 5
Proceeds from exercise of stock options 7 2
Tax withholding payments for net share-settled equity awards (11) (16)
Net cash used in financing activities (138) (46)
Net increase in cash, and cash equivalents and restricted cash 81 42
Cash, cash equivalents and restricted cash—beginning of period 211 148
Cash, cash equivalents and restricted cash—end of period 292 190
Supplemental disclosures of cash flow information:    
Interest paid—net of amounts capitalized 61 37
Income taxes paid—net 3 1
Property and equipment purchases included in accounts payable 17 29
Leased assets obtained in exchange for financing lease liabilities 47 7
Leased assets obtained in exchange for operating lease liabilities 9 7
Cashless exercise of stock options 1 1
Payments for Repurchase of Common Stock $ (34) $ 0