XML 26 R4.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 652 $ 690
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 639 506
Share-based compensation 53 45
Share-based matching contributions under defined contribution plans 142 121
Pension and other postretirement benefit plan income (143) (141)
Deferred income taxes (247) (243)
(Increase) decrease in:    
Receivables, net (25) (105)
Contract assets (165) (159)
Inventories 6 (99)
Other current assets (26) (67)
Increase (decrease) in:    
Accounts payable (200) 23
Contract liabilities (138) 220
Compensation and benefits (101) (10)
Other accrued items 85 (3)
Income taxes 211 10
Other operating activities (93) (24)
Net cash provided by operating activities 650 764
Investing Activities    
Net cash paid for acquired businesses 0 (1,973)
Additions to property, plant and equipment (212) (164)
Proceeds from sales of asset groups and businesses, net 158 71
Other investing activities (4) (8)
Net cash used in investing activities (58) (2,074)
Financing Activities    
Proceeds from borrowings, net of issuance cost 2,241 2,249
Repayments of borrowings (2,607) (1,060)
Change in commercial paper, maturities under 90 days, net 497 524
Proceeds from commercial paper, maturities over 90 days 688 55
Repayments of commercial paper, maturities over 90 days (685) 0
Repurchases of common stock (322) (518)
Dividends paid (445) (436)
Other financing activities 33 (20)
Net cash (used in) provided by financing activities (600) 794
Effect of exchange rate changes on cash and cash equivalents (5) 2
Net decrease in cash and cash equivalents (13) (514)
Cash and cash equivalents, beginning of period 560 880
Cash and cash equivalents, end of period $ 547 $ 366