XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net earnings $ 83 $ 36
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 142 142
Deferred income taxes (30) (60)
Income from affiliates (42) (51)
Dividends received from affiliates 40 65
Other investment income, net (23) (50)
Other, net 5 17
Changes in assets and liabilities, net of acquisition:    
Receivables, net of allowance for credit losses (59) 109
Inventories 54 66
Other assets (10) (7)
Accounts payable (77) (79)
Other liabilities, exclusive of debt (58) 16
Net cash from operating activities 25 204
Cash flows from investing activities:    
Purchase of short-term investments (712) (627)
Proceeds from the sale of short-term investments 721 507
Proceeds from the maturity of short-term investments 11 47
Capital expenditures (237) (219)
Proceeds from the sale of property, plant and equipment 15 20
Acquisition of a business (3)  
Proceeds from the sale of non-consolidated affiliates 13  
Other, net (14) (10)
Net cash from investing activities (206) (282)
Cash flows from financing activities:    
Uncommitted lines of credit, net 111 (89)
Draws under committed lines of credit 736 757
Repayments of committed lines of credit (630) (681)
Principal payments of long-term debt (5) (4)
Finance lease payments (28) (29)
Dividends paid (4) (5)
Other, net (1)  
Net cash from financing activities 208 (51)
Effect of exchange rate changes on cash and cash equivalents (4) (2)
Net change in cash and cash equivalents 23 (131)
Cash and cash equivalents at beginning of year 56 199
Cash and cash equivalents at end of period 79 $ 68
Affiliates    
Cash flows from financing activities:    
Proceeds from payable to affiliate $ 29