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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Cash flows from operating activities:    
Net income $ 135 $ 136
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56 41
Loss on sale of investments 15 0
Share-based compensation 58 51
Deferred income taxes 0 (23)
Gain on sale of business (5) 0
Other, net 1 1
Changes in operating assets and liabilities:    
Accounts receivable, net 67 84
Inventories, net 34 15
Other assets (12) 3
Accounts payable (119) (76)
Accrued liabilities (67) (110)
Deferred revenue (11) 16
Income taxes 24 42
Other operating activities 0 (2)
Net cash provided by operating activities 176 178
Cash flows from investing activities:    
Acquisition of business 0 (62)
Proceeds from the sale of business 9 0
Purchases of property, plant and equipment (13) (20)
Proceeds from sale of long-term investments 1 0
Other investing activities 1 0
Net cash used in investing activities (2) (82)
Cash flows from financing activities:    
Payments of debt (37) 0
Proceeds from issuance of debt 186 0
Payments for repurchases of common stock (300) (125)
Net payments related to share-based compensation plans (5) (1)
Change in unremitted cash collections from servicing factored receivables (29) 2
Other financing activities 0 5
Net cash used in financing activities (185) (119)
Effect of exchange rate changes on cash and cash equivalents 0 1
Net decrease in cash and cash equivalents (11) (22)
Cash and cash equivalents at beginning of period 125 901
Cash and cash equivalents at end of period 114 879
Supplemental disclosures of cash flow information:    
Income taxes paid 15 9
Interest paid $ 26 $ 16