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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ (101) $ 6
Adjustments to reconcile net cash from operating activities:    
Depreciation 83 63
Amortization of intangibles 28 24
Non-cash interest expense 8 3
Deferred income tax 10 1
Share-based compensation expense 10 5
Other non-cash operating activities, net 37 2
Changes in working capital, net (78) (112)
Change in other assets and liabilities 10 1
Net cash from (used in) operating activities 7 (7)
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (39) (41)
Cash acquired from GLT acquisition 37 0
Settlement of net investment hedges 22 0
Other investing activities and other 0 28
Net cash from (used in) investing activities 20 (13)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 1,556 0
Repayments on long-term borrowings (432) (1)
Transfers from (to) Berry, net 34 8
Cash distribution to Berry (1,111) 0
Debt fees (15) 0
Net cash from financing activities 32 7
Effect of currency translation on cash (7) 2
Net change in cash and cash equivalents 52 (11)
Cash and cash equivalents at beginning of period 230 185
Cash and cash equivalents at the end of period $ 282 $ 174