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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ (119) $ 25
Adjustments to reconcile net cash from operating activities:    
Depreciation 128 94
Amortization of intangibles 41 36
Non-cash interest expense 12 4
Deferred income tax 7 (9)
Share-based compensation expense 15 6
Other non-cash operating activities, net 45 2
Changes in working capital, net (119) (125)
Change in other assets and liabilities (3) (2)
Net cash from operating activities 7 31
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (52) (56)
Cash acquired from GLT acquisition 37 0
Settlement of net investment hedges 22 0
Other investing activities and other 0 29
Net cash from (used in) investing activities 7 (27)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 1,556 0
Repayments on long-term borrowings (434) (3)
Transfers from (to) Berry, net 34 (8)
Cash distribution to Berry (1,111) 0
Debt fees and other, net (17) 0
Net cash from (used in) financing activities 28 (11)
Effect of currency translation on cash 4 (2)
Net change in cash and cash equivalents 46 (9)
Cash and cash equivalents at beginning of period 230 185
Cash and cash equivalents at the end of period $ 276 $ 176