XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (169) $ (304)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment 36 30
Share-based compensation 134 124
Amortization of intangible assets 222 222
Exchange rate differences on cash and cash equivalents (8) 5
Deferred income taxes (11) (11)
(Gains) losses on equity and debt investments, net (1) 1
Other 4 (1)
Changes in operating assets and liabilities:    
Decrease (increase) in trade accounts receivable (5) 133
Decrease (increase) in other current assets 12 8
Decrease (increase) in inventories 90 (94)
Increase (decrease) in accounts payable, accrued expenses and related party payable 4 (52)
Increase (decrease) in employee-related accrued expenses and long term benefits 17 3
Increase (decrease) in other current liabilities (6) 5
Decrease (increase) in other long-term assets (2) (2)
Increase (decrease) in other long-term liabilities 5 3
Net cash provided by operating activities 322 70
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (28) (46)
Purchases of debt and equity investments (44) (18)
Maturities and sales of debt and equity investments 33  
Net cash used in investing activities (39) (64)
CASH FLOWS FROM FINANCING ACTIVITIES    
Share-based compensation recharge   (11)
Net cash provided by (used in) financing activities   (11)
Effect of foreign exchange rate changes on cash and cash equivalents 8 (5)
Increase (decrease) in cash, cash equivalents and restricted cash 291 (10)
Balance of cash, cash equivalents and restricted cash, at beginning of year 1,438 1,226
Balance of cash, cash equivalents and restricted cash, at end of period 1,729 1,216
Supplementary non-cash investing and financing activities:    
Non-cash purchase of property and equipment 13 10
Non-cash share based compensation recharge   14
Tax sharing agreement with Parent (3)  
Supplemental cash flow information:    
Cash received (paid) for income taxes, net of refunds $ (3) $ (15)