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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:      
Net income (loss) $ (159) $ (154) $ 38
Adjustments to reconcile net cash from operating activities:      
Depreciation 156 127 118
Amortization of intangibles 50 48 51
Non-cash interest expense 17 5 5
Goodwill and other impairment 0 172 0
Share-based compensation expense 19 7 7
Deferred income tax (27) (9) (9)
Other non-cash operating activities, net 55 (3) (10)
Changes in operating assets and liabilities:      
Accounts receivable 0 (27) 63
Inventories 31 (16) 49
Prepaid expenses and other assets (22) 2 0
Accounts payable and other liabilities (17) 40 (55)
Net cash from operating activities 103 192 257
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (67) (72) (88)
Cash acquired from GLT acquisition 37 0 0
Settlement of net investment hedges 22 0 0
Proceeds from sale of assets 0 4 0
Other investing activities and other 0 29 0
Net cash used in investing activities (8) (39) (88)
Cash Flows from Financing Activities:      
Proceeds from long-term borrowings 1,556 0 0
Repayments on long-term borrowings (484) (2) (4)
Transfers from (to) Berry, net 34 (107) (206)
Cash distribution to Berry (1,111) 0 0
Debt fees and other, net (16) 0 0
Net cash used in financing activities (21) (109) (210)
Effect of currency translation on cash 1 1 13
Net change in cash and cash equivalents 75 45 (28)
Cash and cash equivalents at beginning of period 230 185 213
Cash and cash equivalents at the end of period $ 305 $ 230 $ 185