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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Operating Activities    
Net income $ 339 $ 475
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of acquisition-related intangibles 165 152
Depreciation and other amortization 85 80
Share-based compensation 23 28
Share-based matching contributions under defined contribution plans 57 55
Pension and other postretirement benefit plan income (71) (99)
Deferred income taxes (115) (162)
(Increase) decrease in:    
Receivables, net 48 (239)
Contract assets (269) (93)
Inventories (86) (108)
Other current assets (40) (25)
Increase (decrease) in:    
Accounts payable 90 (43)
Contract liabilities 97 (16)
Compensation and benefits (115) (154)
Other accrued items 63 (12)
Income taxes 130 203
Other operating activities (51) (3)
Net cash provided by operating activities 350 39
Investing Activities    
Net cash paid for acquired business (1,973) 0
Additions to property, plant and equipment (71) (55)
Cash used for equity investments (5) (9)
Other investing activities 1 0
Net cash used in investing activities (2,048) (64)
Financing Activities    
Proceeds from borrowings, net of issuance cost 2,248 1
Repayments of borrowings (255) (5)
Proceeds from exercises of employee stock options 11 30
Repurchases of common stock (396) (308)
Cash dividends (220) (218)
Tax withholding payments associated with vested share-based awards (26) (12)
Other financing activities (1) (1)
Net cash provided by (used in) financing activities 1,361 (513)
Effect of exchange rate changes on cash and cash equivalents 2 (1)
Net decrease in cash and cash equivalents (335) (539)
Cash and cash equivalents, beginning of period 880 941
Cash and cash equivalents, end of period $ 545 $ 402