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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2020
Sep. 27, 2019
Operating Activities    
Net income $ 902 $ 946
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 768 330
Share-based compensation 71 124
Share-based matching contributions under defined contribution plans 168 90
Qualified pension plan contributions (7) (328)
Pension and other postretirement benefit plan income (241) (132)
Impairment of goodwill and other assets 394 0
Business divestiture-related losses (gains) 62 (229)
Gain on sale of asset group 0 (12)
Deferred income taxes (142) 41
(Increase) decrease in:    
Accounts receivable (35) 50
Contract assets (98) (88)
Inventories 139 88
Increase (decrease) in:    
Accounts payable (2) 17
Contract liabilities (94) 10
Compensation and benefits (42) 70
Income taxes 86 (124)
Other accrued items 102 (3)
Other 61 (53)
Net cash provided by operating activities 2,092 797
Investing Activities    
Net additions of property, plant and equipment (194) (178)
Proceeds from sales of businesses, net 1,002 346
Net cash acquired in L3Harris Merger 0 1,132
Proceeds from sale of asset group 0 20
Other investing activities (10) 2
Net cash provided by investing activities 798 1,322
Financing Activities    
Net proceeds from borrowings 249 4
Repayments of borrowings (257) (405)
Proceeds from exercises of employee stock options 39 127
Repurchases of common stock (1,850) (750)
Cash dividends (546) (334)
Tax withholding payments associated with vested share-based awards (2) (88)
Other financing activities (6) (7)
Net cash used in financing activities (2,373) (1,453)
Effect of exchange rate changes on cash and cash equivalents 0 (8)
Net increase in cash and cash equivalents 517 658
Cash and cash equivalents, beginning of year 824 343
Cash and cash equivalents, end of quarter $ 1,341 $ 1,001