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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash Flows from Operating Activities:    
Net income (loss) $ (60) $ (8)
Adjustments to reconcile net cash from operating activities:    
Depreciation 39 32
Amortization of intangibles 14 12
Non-cash interest expense 3 1
Deferred income tax 8 (7)
Share-based compensation expense 6 3
Other non-cash operating activities, net 32 (3)
Changes in working capital, net (106) (59)
Change in other assets and liabilities 6 2
Net cash from (used in) operating activities (58) (27)
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (16) (16)
Cash acquired from GLT acquisition 37 0
Other investing activities and other 0 30
Net cash from investing activities 21 14
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 1,556 0
Repayments on long-term borrowings (430) (1)
Transfers from (to) Berry, net 34 (8)
Cash distribution to Berry (1,111) 0
Debt fees (15) 0
Other, net (1) 0
Net cash from financing activities 33 (9)
Effect of currency translation on cash (11) 4
Net change in cash and cash equivalents (15) (18)
Cash and cash equivalents at beginning of period 230 185
Cash and cash equivalents at the end of period $ 215 $ 167