v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Oct. 03, 2025
Sep. 27, 2024
Cash flows from operations:    
Net income $ 1,127 $ 969
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 215 211
Stock-based compensation 72 59
Deferred income taxes 288 (96)
Asset impairment charges 4 6
Other 3 5
Change in assets and liabilities, net of effects of acquisition:    
Receivables (297) (260)
Other current assets and other long-term assets 26 102
Accounts payable and accrued liabilities and other long-term liabilities (108) (101)
Accrued payroll and employee benefits (10) 208
Income taxes receivable/payable (65) 38
Net cash provided by operating activities 1,255 1,141
Cash flows from investing activities:    
Acquisition of a business, net of cash acquired (292) 0
Payments for property, equipment and software (82) (63)
Other 2 7
Net cash used in investing activities (372) (56)
Cash flows from financing activities:    
Proceeds from debt issuance 997 0
Repayments of borrowings (1,014) (14)
Payments for debt issuance costs (7) 0
Dividend payments (156) (155)
Repurchases of stock and other (639) (500)
Proceeds from issuances of stock 47 28
Net capital distributions to non-controlling interests (9) (3)
Other (7) 0
Net cash used in financing activities (788) (644)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 11 5
Net increase in cash, cash equivalents and restricted cash 106 446
Cash, cash equivalents and restricted cash at beginning of period 991 792
Cash, cash equivalents and restricted cash at end of period 1,097 1,238
Less: restricted cash at end of period 123 141
Cash and cash equivalents at end of period 974 1,097
Supplementary cash flow information:    
Cash paid for income taxes, net of refunds 179 276
Cash paid for interest 177 167
Non-cash investing activity:    
Property, plant and equipment additions $ 4 $ 72