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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2025
Dec. 29, 2023
Dec. 30, 2022
Operating Activities      
Net income $ 1,512 $ 1,198 $ 1,061
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and Amortization 1,289 1,166 938
Share-based compensation 97 89 109
Net periodic benefit income (286) (275) (395)
Share-based matching contributions under defined contribution plans 264 231 216
Impairment of goodwill and other assets 38 374 802
Deferred income taxes 174 (423) (596)
(Increase) decrease in:      
Receivables, net 128 124 (210)
Contract assets (194) 62 23
Inventories, net 96 (182) (310)
Other current assets (29) (55) 13
Increase (decrease) in:      
Accounts payable (90) 87 180
Contract liabilities 126 195 121
Compensation and benefits (128) 38 (45)
Other current liabilities 155 (88) (181)
Income taxes (383) (333) 499
Other operating activities (210) (112) (67)
Net cash provided by operating activities 2,559 2,096 2,158
Investing Activities      
Net cash paid for acquired businesses 0 (6,688) 0
Capital expenditures (408) (449) (252)
Proceeds from sale of property, plant and equipment, net 1 56 14
Proceeds from sales of businesses 273 71 23
Other investing activities (129) (11) (35)
Net cash used in investing activities (263) (7,021) (250)
Financing Activities      
Proceeds from issuances of long-term debt, net 2,827 7,568 4
Repayments of long-term debt (2,620) (3,170) (14)
Change in commercial paper, maturities under 90 days, net (567) 623 0
Proceeds from commercial paper, maturities over 90 days 688 1,181 0
Repayments of commercial paper, maturities over 90 days (1,205) (205) 0
Proceeds from exercises of employee stock options 133 24 57
Repurchases of common stock (554) (518) (1,083)
Dividends paid (886) (868) (864)
Other financing activities (40) (41) (51)
Net cash (used in) provided by financing activities (2,224) 4,594 (1,951)
Effect of exchange rate changes on cash and cash equivalents (17) 11 (18)
Net increase (decrease) in cash and cash equivalents 55 (320) (61)
Cash and cash equivalents, beginning of period 560 880 941
Cash and cash equivalents, end of period $ 615 $ 560 $ 880