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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash Flows From Operating Activities:    
Net (loss) income $ (819) $ 73
Adjustments to reconcile net (loss) income to net cash in operating activities:    
Depreciation and amortization 96 52
Restructuring, impairment and extinguishment costs 6 18
Stock-based compensation expense 30 29
Other, net 8 (1)
Changes in assets and liabilities, net of acquired companies:    
Accounts receivable, net (85) (57)
Inventories, net 4 (4)
Other current assets (26) 9
Accounts payable 8 31
Accrued liabilities 73 (78)
Obligations payable under the Indemnification Agreement 902 20
Other, net (62) 2
Net cash provided by operating activities 135 94
Cash Flows From Investing Activities:    
Acquisitions, net of cash acquired 0 (1,334)
Capital expenditures (51) (36)
Other investing activities, net 0 6
Net cash used in investing activities (51) (1,364)
Cash Flows From Financing Activities:    
Proceeds from issuance of long-term debt, net 0 582
Proceeds from issuance of preferred stock, net of issuance costs 0 482
Repayments of long-term debt (2) (6)
Acquisition of treasury shares to cover stock award tax withholding (16) (9)
Preferred stock dividend payments (17) 0
Other financing activities, net 2 3
Net cash (used in) provided by financing activities (33) 1,052
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 10 (5)
Net increase (decrease) in cash, cash equivalents and restricted cash 61 (223)
Cash, cash equivalents and restricted cash at beginning of period 693 637
Cash, cash equivalents and restricted cash at end of period $ 754 $ 414