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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Cash flows from operating activities:    
Net income $ 349 $ 365
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 126 130
Share-based compensation 130 68
Deferred income taxes 61 (62)
Unrealized gain on forward interest rate swaps 0 (31)
Other, net 13 12
Changes in operating assets and liabilities:    
Accounts receivable, net 57 (120)
Inventories, net 30 161
Other assets 16 5
Accounts payable (115) 79
Accrued liabilities (49) 68
Deferred revenue 16 (34)
Income taxes (71) 25
Settlement liability 0 (45)
Cash receipts on forward interest rate swaps 0 86
Other operating activities (3) 0
Net cash provided by operating activities 560 707
Cash flows from investing activities:    
Acquisition of businesses (62) 0
Purchases of property, plant and equipment (56) (41)
Proceeds from sale of short-term investments 0 2
Proceeds from sale of long-term investments 1 0
Purchases of long-term investments (4) (3)
Net cash used in investing activities (121) (42)
Cash flows from financing activities:    
Payment of debt issuance costs, extinguishment costs and discounts 0 (9)
Payments of debt 0 (694)
Proceeds from issuance of debt 0 651
Payments for repurchases of common stock (284) (16)
Net payments related to share-based compensation plans (15) (27)
Change in unremitted cash collections from servicing factored receivables 9 (35)
Other financing activities 4 3
Net cash used in financing activities (286) (127)
Effect of exchange rate changes on cash and cash equivalents (1) 0
Net increase in cash and cash equivalents 152 538
Cash and cash equivalents at beginning of period 901 138
Cash and cash equivalents at end of period 1,053 676
Supplemental disclosures of cash flow information:    
Income taxes paid 124 90
Interest paid, net of forward interest rate swaps $ 79 $ 3