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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Operating Activities    
Net income $ 386 $ 285
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 301 320
Share-based compensation 19 26
Net periodic benefit income (84) (72)
Share-based matching contributions under defined contribution plans 68 70
Deferred income taxes (89) (111)
(Increase) decrease in:    
Receivables, net (447) 7
Contract assets (420) (340)
Inventories, net 92 (21)
Other current assets (19) 10
Increase (decrease) in:    
Accounts payable 52 9
Contract liabilities (16) (152)
Compensation and benefits (105) (170)
Other current liabilities 11 (18)
Income taxes 273 103
Other operating activities (64) (50)
Net cash used in operating activities (42) (104)
Investing Activities    
Capital expenditures (59) (115)
Proceeds from sales of businesses, net of cash divested 831 0
Other investing activities (28) (1)
Net cash provided by (used in) investing activities 744 (116)
Financing Activities    
Proceeds from issuances of long-term debt, net 0 2,237
Repayments of long-term debt (5) (2,250)
Change in commercial paper, maturities under 90 days, net 20 326
Proceeds from commercial paper, maturities over 90 days 0 480
Repayments of commercial paper, maturities over 90 days 0 (205)
Repurchases of common stock (569) (233)
Dividends paid (228) (224)
Other financing activities (23) 13
Net cash (used in) provided by financing activities (805) 144
Effect of exchange rate changes on cash and cash equivalents 5 (7)
Net decrease in cash and cash equivalents (98) (83)
Cash and cash equivalents, beginning of period 615 560
Cash and cash equivalents, end of period $ 517 $ 477