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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Cash flows from operating activities:          
Net income (loss) $ 202 $ 31 $ (289) $ (236) $ (512)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization 153 252 491 536 543
Equity-based compensation 78 19 313 25 28
Deferred taxes   5 (10) 18 9
Foreign exchange (gain) loss, net (15) 6 104 (21) (30)
Other operating activities 29 27 70 53 18
Change in assets and liabilities:          
Accounts receivable, net 100 126 15 (60) 29
Deferred costs (32) (22) (46) (22) (26)
Other assets (45) (14) (9) (71) (54)
Other current liabilities 6 (29) 41 28 1
Deferred revenue 10 (27) 106 186 309
Other liabilities (38) (86) (26) 59 4
Net cash provided by operating activities 448 288 760 496 319
Cash flows from investing activities:          
Acquisitions, net of cash acquired   (5) (5) (2) (615)
Additions to property and equipment (14) (25) (42) (56) (61)
Other investing activities (4) (3) (4) (5) (1)
Net cash used in investing activities (18) (33) (51) (63) (677)
Cash flows from financing activities:          
Proceeds from IPO, net of underwriters discount and commissions     586    
Use of proceeds from issuance of Class A common stock to purchase Foundation Technology Worldwide LLC ("FTW") units     (33)    
Proceeds from the issuance of Member units   1 2 1  
Proceeds from Excess Separation Note from Member of FTW         20
Payment for the long-term debt due to third party (22) (21) (869) (67) (87)
Proceeds from long-term debt       685 504
Payment for debt issuance costs     (5) (6) (10)
Net change in principal due to debt modification         52
Distributions to members of FTW (148) (130) (277) (1,334)  
Payment of dividends (33)        
Payment of tax withholding for shares and units withheld (38) (2) (24) (8) (10)
Payment of IPO related expenses (3)   (8)    
Other financing activities 5 (10) (23) (5) (10)
Net cash provided by (used in) financing activities (239) (162) (651) (734) 459
Effect of exchange rate fluctuations on cash and cash equivalents (2) (3) 6   (4)
Change in cash and cash equivalents 189 90 64 (301) 97
Cash and cash equivalents, beginning of period 231 167 167 468 371
Cash and cash equivalents, end of period 420 257 231 167 468
Supplemental disclosures of noncash investing and financing activities and cash flow information:          
Acquisition of property and equipment included in current liabilities (6) (5) (2) (8) (5)
Distributions to members of FTW included in liabilities (31) (1) (27) (4)  
Dividends payable included in liabilities (19)   (14)    
Tax withholding for shares and units withheld included in liabilities     (4)    
Other   3 (3) (2)  
Cash paid during the period for:          
Interest, net of cash flow hedges (101) (141) (268) (281) (290)
Income taxes, net of refunds $ (29) $ (22) $ (49) $ (47) $ (49)