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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 494 $ 506 $ 265
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 438 395 372
Gain on disposal of property and equipment—net (1) (6) (5)
Tangible asset impairment charges 0 1 10
Loss on extinguishment of debt 10 21 0
Recognition of net actuarial loss for pension settlement 124 0 0
Amortization of deferred financing costs 9 17 12
Deferred tax (benefit) provision (10) 9 17
Share-based compensation expense 63 56 45
Provision for doubtful accounts 29 24 6
Changes in operating assets and liabilities, net of business acquisitions:      
Increase in receivables (140) (157) (240)
(Increase) decrease in inventories (16) 61 70
Decrease (increase) in prepaid expenses and other assets 38 (67) (24)
Increase in accounts payable and cash overdraft liability 170 200 193
(Decrease) increase in accrued expenses and other liabilities (34) 80 44
Net cash provided by operating activities 1,174 1,140 765
Cash flows from investing activities:      
Acquisition of businesses—net of cash received (214) (196) 0
Proceeds from sales of property and equipment 3 10 10
Purchases of property and equipment (341) (309) (265)
Net cash used in investing activities (552) (495) (255)
Cash flows from financing activities:      
Repurchase of Senior Note Debt 0 (1,000) 0
Issuance of new Senior Note Debt 500 1,000 0
Principal payments on debt refinancing (1,217) 0 0
Proceeds from Term Loan Issuance 725 0 0
Principal payments on debt repricing (14) (43) 0
Proceeds from debt repricing 14 43 0
Proceeds from debt borrowings 4,896 456 1,207
Principal payments on debt and financing leases (4,796) (766) (1,620)
Dividends paid on Series A convertible preferred stock 0 (7) (37)
Debt financing costs and fees (13) (11) (4)
Repurchase of common stock (948) (294) (14)
Proceeds from employee stock purchase plan 28 24 22
Proceeds from exercise of stock options 15 26 15
Purchase of interest rate caps 0 (3) 0
Tax withholding payments for net share-settled equity awards (21) (12) (16)
Net cash used in financing activities (831) (587) (447)
Net (decrease) increase in cash, cash equivalents and restricted cash (209) 58 63
Cash, cash equivalents and restricted cash—beginning of year 269 211 148
Cash, cash equivalents and restricted cash—end of year 60 269 211
Supplemental disclosures of cash flow information:      
Conversion of Series A Convertible Preferred Stock 0 534 0
Interest paid—net of amounts capitalized 284 294 243
Income taxes paid—net 181 161 68
Property and equipment purchases included in accounts payable 47 39 36
Leased assets obtained in exchange for financing lease liabilities 145 125 207
Leased assets obtained in exchange for operating lease liabilities 35 67 41
Cashless exercise of stock options 5 2 1
Cash and cash equivalents 59 269 211
Assets held for sale 1 0 0
Total cash and cash equivalents $ 60 $ 269 $ 211