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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Operating Activities      
Net income (loss) $ 1,061 $ 1,842 $ 1,086
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of acquisition-related intangibles 605 627 709
Depreciation and other amortization 333 340 323
Share-based compensation 109 129 94
Share-based matching contributions under defined contribution plans 216 219 216
Pension and other postretirement benefit plan income (395) (375) (321)
Goodwill and asset impairment charges 802 244 767
Business divestiture-related (gains) losses, net 0 (220) 51
Loss (gain) on sale of property, plant and equipment 6 0 (22)
Deferred income taxes (596) (114) (215)
(Increase) decrease in:      
Receivables, net (210) 217 (250)
Contract assets 23 (820) (116)
Inventories (310) (68) 60
Prepaid expenses and other current assets 13 23 57
Increase (decrease) in:      
Accounts payable 180 430 173
Contract liabilities 121 178 14
Compensation and benefits (45) (44) 43
Other accrued items (181) 20 41
Income taxes 499 190 61
Other (73) (131) 19
Net cash provided by operating activities 2,158 2,687 2,790
Investing Activities      
Additions to property, plant and equipment (252) (342) (368)
Proceeds from sale of property, plant and equipment, net 14 7 91
Proceeds from sales of businesses, net 5 1,729 1,040
Proceeds from sale of asset group, net 18 10 0
Cash used for equity investments (47) (14) (12)
Other investing activities 12 4 0
Net cash (used in) provided by investing activities (250) 1,394 751
Financing Activities      
Net proceeds from borrowings 4 6 901
Repayments of borrowings (14) (13) (931)
Payments of interest rate derivative obligations 0 0 (113)
Proceeds from exercises of employee stock options 57 97 56
Repurchases of common stock (1,083) (3,675) (2,290)
Cash dividends (864) (817) (725)
Tax withholding payments associated with vested share-based awards (45) (5) (4)
Other financing activities (6) (6) (6)
Net cash used in financing activities (1,951) (4,413) (3,112)
Effect of exchange rate changes on cash and cash equivalents (18) (3) 23
Net (decrease) increase in cash and cash equivalents (61) (335) 452
Cash and cash equivalents, beginning of period 941 1,276 824
Cash and cash equivalents, end of period $ 880 $ 941 $ 1,276