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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2021
Apr. 03, 2020
Operating Activities    
Net income $ 466 $ 194
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of acquisition-related intangibles 164 145
Depreciation and other amortization 87 85
Share-based compensation 33 16
Share-based matching contributions under defined contribution plans 57 71
Qualified pension plan contributions (2) (2)
Pension and other postretirement benefit plan income (92) (80)
Impairment of goodwill and other assets 62 324
Business divestiture-related losses 15 3
Deferred income taxes (22) (35)
(Increase) decrease in:    
Accounts receivable 213 (164)
Contract assets (272) (110)
Inventories 61 40
Prepaid expenses and other current assets (85) (29)
Increase (decrease) in:    
Accounts payable 15 253
Contract liabilities 9 (47)
Compensation and benefits (161) (126)
Income taxes 72 20
Other accrued items 71 51
Other (30) (76)
Net cash provided by operating activities 661 533
Investing Activities    
Net additions of property, plant and equipment (64) (48)
Other investing activities 3 (10)
Net cash used in investing activities (61) (58)
Financing Activities    
Net proceeds from borrowings 1 245
Repayments of borrowings (1) (1)
Proceeds from exercises of employee stock options 10 33
Repurchases of common stock (700) (700)
Cash dividends (209) (183)
Other financing activities (1) (6)
Net cash used in financing activities (900) (612)
Effect of exchange rate changes on cash and cash equivalents 0 (24)
Net decrease in cash and cash equivalents (300) (161)
Cash and cash equivalents, beginning of year 1,276 824
Cash and cash equivalents, end of quarter $ 976 $ 663