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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net income $ 115 $ 82
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 112 105
Deferred tax provision 8 5
Share-based compensation expense 22 15
Provision for doubtful accounts 9 7
Other non-cash activities 3 3
Changes in operating assets and liabilities:    
Increase in receivables (174) (173)
Decrease (increase) in inventories 120 (20)
Increase in prepaid expenses and other assets (13) (1)
Increase in accounts payable and cash overdraft liability 190 221
Decrease in accrued expenses and other liabilities (1) (105)
Net cash provided by operating activities 391 139
Cash flows from investing activities:    
Proceeds from sales of property and equipment 1 1
Proceeds from divestitures 38 0
Purchases of property and equipment (84) (87)
Cash paid for acquisitions (85) 0
Net cash used in investing activities (130) (86)
Cash flows from financing activities:    
Principal payments on debt and financing leases (1,907) (457)
Principal payments on debt repricing 0 (14)
Proceeds from debt repricing 0 14
Proceeds from debt borrowings 1,737 426
Repurchase of common stock (23) (13)
Debt financing costs and fees 0 (1)
Proceeds from employee stock purchase plan 6 5
Proceeds from exercise of stock options 1 5
Tax withholding payments for net share-settled equity awards (33) (20)
Net cash used in financing activities (219) (55)
Net increase (decrease) in cash, cash equivalents and restricted cash 42 (2)
Cash, cash equivalents and restricted cash—beginning of period 59 269
Cash, cash equivalents and restricted cash—end of period 101 267
Supplemental disclosures of cash flow information:    
Interest paid—net of amounts capitalized 92 93
Income taxes paid—net 4 5
Property and equipment purchases included in accounts payable 41 20
Leased assets obtained in exchange for financing lease liabilities 45 56
Leased assets obtained in exchange for operating lease liabilities 48 7
Cashless exercise of stock options $ 0 $ 4