v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Cash flows from operations:    
Net income $ 513 $ 583
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 249 244
Stock-based compensation 53 49
Asset impairment charges 3 3
Deferred income taxes (221) 4
Other 21 (11)
Change in assets and liabilities, net of effects of acquisitions:    
Receivables (138) (103)
Other current assets and other long-term assets 132 161
Accounts payable and accrued liabilities and other long-term liabilities (57) (172)
Accrued payroll and employee benefits 217 83
Income taxes receivable/payable 109 (20)
Net cash provided by operating activities 881 821
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (2) (622)
Divestiture of a business 15 0
Payments for property, equipment and software (76) (71)
Net proceeds from sale of assets 6 0
Other 2 0
Net cash used in investing activities (55) (693)
Cash flows from financing activities:    
Proceeds from debt issuance 380 380
Repayments of borrowings (459) (80)
Dividend payments (149) (149)
Repurchases of stock and other (532) (266)
Net capital (distributions to) contributions from non-controlling interests (5) 38
Proceeds from issuances of stock 35 33
Net cash used in financing activities (730) (44)
Net increase in cash, cash equivalents and restricted cash 96 84
Cash, cash equivalents and restricted cash at beginning of period 875 687
Cash, cash equivalents and restricted cash at end of period 971 771
Less: restricted cash at end of period 164 184
Cash and cash equivalents at end of period 807 587
Supplementary cash flow information:    
Cash paid for income taxes, net of refunds 166 179
Cash paid for interest 136 128
Property, plant and equipment additions 7 1
Finance lease obligations $ 1 $ 50