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CONDENSED COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2022
Sep. 25, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (112) $ (22)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment 17 12
Share-based compensation 112 73
Amortization of intangible assets 413 368
Exchange rate differences on cash and cash equivalents 6  
Deferred income taxes (8) (24)
Interest on Dividend Note 20  
Interest with related party, net 20 (2)
Other (3) (1)
Changes in operating assets and liabilities:    
Decrease (increase) in trade accounts receivables (67) (57)
Decrease (increase) in other current assets 28 (4)
Decrease (increase) in inventories (8) 30
Increase (decrease) in account payables and accrued expenses 22 31
Increase (decrease) in employee-related accrued expenses and long term benefits (67) 20
Increase (decrease) in other current-liabilities 10 15
Decrease (increase) in other long term assets 15 (1)
Increase (decrease) in long-term liabilities (3)  
Net cash provided by operating activities 395 438
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (79) (98)
Repayments of loan due from related party 734  
Issuance of loan to related party (336) (390)
Net cash provided by (used in) investing activities 319 (488)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net transfers from Parent 99 69
Dividend paid (336)  
Share-based compensation recharge (200)  
Deferred offering costs (14)  
Changes in withholding tax related to employee stock plans   (2)
Net cash provided by (used in) financing activities (451) 67
Effect of foreign exchange rate changes on cash and cash equivalents (6)  
Increase in cash, cash equivalents and restricted cash 257 17
Balance of cash, cash equivalents and restricted cash, at beginning of year 625 93
Balance of cash, cash equivalents and restricted cash, at end of period 882 110
Supplementary non-cash investing and financing activities:    
Non cash purchase of property and equipment 9 28
Non-cash share based compensation recharge 9 105
Equity transaction in connection with the legal purchase of Moovit entities 900  
Dividend Note with related party 3,500  
Non cash deferred offering costs 1  
Tax sharing agreement with Parent 16  
Supplemental cash flow information:    
Cash (paid) for income taxes, net of refunds (40) $ (35)
Interest received from related party $ 29