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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2020
Jun. 28, 2019
Operating Activities    
Net income $ 472 $ 511
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 515 129
Share-based compensation 40 29
Share-based matching contributions under defined contribution plans 122 42
Qualified pension plan contributions (4) (1)
Pension and other postretirement benefit plan income (160) (74)
Impairment of goodwill and other assets 394 0
Divestiture-related losses 52 0
Deferred income taxes (109) 41
(Increase) decrease in:    
Accounts receivable (59) 19
Contract assets 43 22
Inventories 175 13
Increase (decrease) in:    
Accounts payable (116) 17
Contract liabilities (80) 17
Compensation and benefits (29) 33
Income taxes 92 (96)
Other accrued items (60) (10)
Other 47 24
Net cash provided by operating activities 1,335 716
Investing Activities    
Net additions of property, plant and equipment (108) (94)
Proceeds from sales of businesses, net 963 0
Other investing activities (10) 2
Net cash provided by (used in) investing activities 845 (92)
Financing Activities    
Net proceeds from borrowings 248 1
Repayments of borrowings (254) (305)
Proceeds from exercises of employee stock options 37 32
Repurchases of common stock (700) 0
Cash dividends (367) (162)
Other financing activities (6) (5)
Net cash used in financing activities (1,042) (439)
Effect of exchange rate changes on cash and cash equivalents (15) 2
Net increase in cash and cash equivalents 1,123 187
Cash and cash equivalents, beginning of year 824 343
Cash and cash equivalents, end of quarter $ 1,947 $ 530