v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 03, 2026
Jul. 04, 2025
Jul. 03, 2026
Jul. 04, 2025
Jan. 02, 2026
Cash flows from operating activities:          
Net income $ 99 $ 58 $ 200 $ 173  
Net loss from discontinued operations, net of tax (2) 48 0 54  
Net income from continuing operations 97 106 200 227  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 42 45 83 86  
Equity in earnings of unconsolidated affiliates (52) (51) (103) (93)  
Deferred income tax     31 26  
Other charges associated with lease right-of-use asset impairment     17 0  
Other     (2) 4  
Changes in operating assets and liabilities, net of acquired business:          
Accounts receivable, net of allowance for credit losses     (26) (128)  
Contract assets     (80) (6)  
Accounts payable     40 25  
Contract liabilities     31 (2)  
Accrued salaries, wages and benefits     (21) (9)  
Payments on operating lease liabilities     (40) (41)  
Payments from unconsolidated affiliates, net     5 5  
Distributions of earnings from unconsolidated affiliates     97 124  
Other assets and liabilities     (72) 90  
Total cash flows provided by operating activities - continuing operations     160 308  
Cash flows from investing activities:          
Purchases of property, plant and equipment     (28) (16)  
Return of (investment in) equity method investments, net     (128)    
Return of (investment in) equity method investments, net       3  
Acquisition of business, net of cash acquired     0 (11)  
Purchases of available-for-sale debt securities     (49) 0  
Purchases of other investments     (13) 0  
Other     2 0  
Total cash flows used in investing activities - continuing operations     (216) (24)  
Cash flows from financing activities:          
Borrowings on Revolver     141 373  
Payments on short-term and long-term debt     (25) (18)  
Payments on Revolver     (161) (323)  
Payments to repurchase common stock     (29) (204)  
Payments of dividends to shareholders     (42) (41)  
Other     (12) (6)  
Total cash flows used in financing activities - continuing operations     (128) (219)  
Total operating cash flows from discontinued operations     (2) (27)  
Total investing cash flows from discontinued operations     0 (12)  
Total financing cash flows from discontinued operations     0 8  
Total cash flows from discontinued operations     (2) (31)  
Effect of exchange rate changes on cash     (4) 20  
Increase (decrease) in cash and cash equivalents     (190) 54  
Cash and cash equivalents at beginning of period     505 350 $ 350
Cash and cash equivalents at end of period 315 404 315 404 $ 505
Less: cash and cash equivalents at end of period for discontinued operations 3 1 3 1  
Cash and cash equivalents at end of period for continuing operations 312 403 312 403  
Noncash financing activities          
Dividends declared $ 21 $ 21 $ 21 $ 21