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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 175 $ 280
Adjustments to reconcile net cash from operating activities:    
Depreciation 309 279
Amortization of intangibles 119 120
Non-cash interest (income) expense, net (41) (27)
Settlement of derivatives 23 36
Deferred income tax (51) (51)
Debt extinguishment 3 0
Share-based compensation expense 30 30
Loss on divestitures 57 0
Other non-cash operating activities, net 17 8
Changes in working capital (653) (495)
Changes in other assets and liabilities 12 (12)
Net cash from operating activities 0 168
Cash Flows from Investing Activities:    
Additions to property, plant and equipment, net (333) (385)
Divestitures, acquisitions and other activities 47 (88)
Net cash from investing activities (286) (473)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 2,350 500
Repayments on long-term borrowings (2,640) (583)
Proceeds from issuance of common stock 24 18
Repurchase of common stock (88) (333)
Dividends paid (70) (65)
Other, net (12) 11
Net cash from financing activities (436) (452)
Effect of currency translation on cash 13 43
Net change in cash and cash equivalents (709) (714)
Cash and cash equivalents at beginning of period 1,203 1,410
Cash and cash equivalents at end of period $ 494 $ 696