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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net income $ 709 $ 123
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 175 162
Amortization of acquisition-related intangibles 567 622
Stock-based compensation 364 371
Deferred income taxes (167) (66)
Inventory loss at contract manufacturer 0 65
Other 39 4
Changes in operating assets and liabilities:    
Accounts receivable, net 748 913
Inventories (682) (368)
Prepaid expenses and current assets (237) (919)
Accounts payable (289) (561)
Accrued and other liabilities (288) 175
Net cash provided by operating activities 939 521
Cash flows from investing activities:    
Purchases of property and equipment (212) (142)
Purchases of short-term investments (304) (433)
Proceeds from maturity of short-term investments 365 441
Proceeds from sale of short-term investments 33 2
Payments to Acquire Other Investments (239) (4)
Other 0 1
Net cash used in investing activities (357) (135)
Cash flows from financing activities:    
Proceeds from long-term debt issuance, net of issuance costs 1,494 0
Proceeds from commercial paper issuance, net of discount 947 0
Proceeds from sales of common stock through employee equity plans 4 5
Repurchases of common stock (749) (4)
Stock repurchases for tax withholding on employee equity plans (30) (129)
Other 0 (1)
Net cash provided by (used in) financing activities 1,666 (129)
Net increase in cash, cash equivalents and restricted cash 2,248 257
Cash, cash equivalents and restricted cash at beginning of period 3,811 3,933
Cash, cash equivalents and restricted cash at end of period 6,059 4,190
Supplemental cash flow information:    
Income taxes, net of refunds 128 87
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 147 102
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 6,049 4,190
Restricted cash included in Prepaid expenses and other current assets 10 0
Total cash, cash equivalents and restricted cash $ 6,059 $ 4,190