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Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 01, 2023
Jan. 02, 2022
Jan. 03, 2021
Cash flows from operating activities      
Net income $ 2,087 $ 2,031 $ (879)
Adjustments to reconcile net income to cash flows from operating activities      
Depreciation and amortization 644 731 746
Stock-based compensation 137 141 115
Credit losses and trade receivable allowances 9 4 9
Net loss (gain) on write-downs/disposal of assets/businesses 4 (9) (35)
Deferred income taxes 157 568 (801)
Net changes in assets and liabilities, net of effects from acquisitions and divestitures      
Trade receivables (142) (303) 265
Inventories (582) (77) 109
Other current and non-current assets 131 (68) 32
Accounts payable 52 330 154
Accrued liabilities (Note 17) (17) (2,977) 3,542
Employee related obligations 2 14 0
Accrued taxes on income (Note 11) (5) (19) (96)
Other liabilities 48 (32) 236
Net cash flows from operating activities 2,525 334 3,397
Cash flows used in investing activities      
Purchases of property, plant, and equipment (375) (295) (229)
Net (purchases) proceeds of assets/businesses (18)    
Net proceeds of assets/businesses   59 176
Proceeds from the sale of investments 8 77 0
Investment in equity securities 5 12 30
Net cash used in investing activities (390) (171) (83)
Cash flows used in financing activities      
Proceeds from loans and notes payable 14 0 0
Repayments of debt (7) (11)
Net transfer (to) from the Parent (1,597)   (3,446)
Net transfer from the Parent   7  
Net cash used in financing activities (1,583) 0 (3,457)
Effect of exchange rate changes on cash and cash equivalents (61) (41) 9
Cash and cash equivalents, beginning of year 740 618 752
Net increase (decrease) in cash and cash equivalents 491 122 (134)
Cash and cash equivalents, end of year 1,231 740 618
Supplemental cash flow data      
Cash paid for income taxes $ (316) $ (363) $ (448)