Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
Apr. 04, 2026	Mar. 29, 2025
Operating activities:
Net earnings	$ 120	$ 32
Adjustments to reconcile net earnings to cash from operating activities:
Depreciation and amortization	83	78
Deferred income taxes	3	(4)
Income from affiliates	(42)	(13)
Dividends received from affiliates	34	13
Investment losses, net	7	10
Other, net	(4)	8
Changes in assets and liabilities:
Receivables, net of allowance for credit losses	7	1
Inventories	(203)	(68)
Other assets	(7)	6
Accounts payable	(42)	(63)
Other liabilities, exclusive of debt	(10)	(20)
Net cash used in operating activities	(54)	(20)
Investing activities:
Purchase of short-term investments	(124)	(427)
Proceeds from the sale and maturity of short-term investments	120	475
Capital expenditures	(96)	(109)
Proceeds from the sale of property, plant and equipment	14	8
Other, net	(1)	(2)
Net cash used in investing activities	(87)	(55)
Financing activities:
Uncommitted lines of credit, net	12	60
Draws under committed lines of credit	415	576
Repayments of committed lines of credit	(340)	(561)
Principal payments of long-term debt	(3)	(1)
Finance lease payments	(8)	(10)
Dividends paid	(2)	(2)
Net cash from financing activities	74	62
Effect of exchange rate changes on cash and cash equivalents	0	2
Net change in cash and cash equivalents	(67)	(11)
Cash and cash equivalents at beginning of year	178	98
Cash and cash equivalents at end of period	$ 111	$ 87

The net cash inflow or cash outflow from an uncommitted contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).

No definition available.