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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash Flows From Operating Activities:    
Net income $ 107 $ 181
Adjustments to reconcile net income to net cash in operating activities:    
Depreciation and amortization 49 45
Restructuring and impairment expenses 4 0
Stock-based compensation expense 25 22
Other, net 2 (5)
Changes in assets and liabilities, net of acquired companies:    
Accounts receivable, net (35) (145)
Inventories, net (15) (127)
Other current assets 3 (21)
Accounts payable 44 54
Accrued liabilities (94) (47)
Other, net 27 19
Net cash provided by (used in) operating activities 117 (24)
Cash Flows From Investing Activities:    
Capital expenditures (49) (24)
Acquisitions, net of cash acquired (6) (633)
Other investing activities, net 0 (13)
Net cash used in investing activities (55) (670)
Cash Flows From Financing Activities:    
Proceeds from issuance of A&R Term B Facility 0 200
Repayments of long-term debt (6) (6)
Other financing activities, net (12) (11)
Net cash (used in) provided by financing activities (18) 183
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 10 (13)
Net increase (decrease) in cash, cash equivalents and restricted cash 54 (524)
Cash, cash equivalents and restricted cash at beginning of period 329 779
Cash, cash equivalents and restricted cash at end of period 383 255
Supplemental Cash Flow Information:    
Interest paid 46 21
Taxes paid, net of refunds 67 79
Capital expenditures in accounts payable $ 20 $ 22