v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jul. 03, 2026
Jul. 04, 2025
Cash flows from operations:    
Net income $ 691 $ 758
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 153 141
Stock-based compensation 51 46
Deferred income taxes (2) 200
Net loss on pension plan settlement 20 0
Other 14 0
Change in assets and liabilities, net of effects of acquisitions and dispositions:    
Receivables (193) (236)
Other current assets and other long-term assets 38 (34)
Accounts payable and accrued liabilities and other long-term liabilities 97 (260)
Accrued payroll and employee benefits 34 7
Income taxes receivable/payable 191 (78)
Net cash provided by operating activities 1,094 544
Cash flows from investing activities:    
Acquisition of a business, net of cash acquired (2,338) (285)
Payments for property, equipment and software (63) (51)
Divestiture of a business 4 0
Net proceeds from sale of assets 4 0
Other (4) 0
Net cash used in investing activities (2,397) (336)
Cash flows from financing activities:    
Proceeds from debt issuance 1,397 997
Repayments of borrowings (10) (559)
Payments for debt issuance costs (15) (7)
Dividend payments (110) (105)
Repurchases of stock and other (315) (537)
Proceeds from issuances of stock 33 31
Net capital distributions to non-controlling interests (3) (7)
Other (7) (6)
Net cash provided by (used in) financing activities 970 (193)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 0 14
Net (decrease) increase in cash, cash equivalents and restricted cash, including cash classified in current assets held for sale (333) 29
Less: change in cash balances classified as assets held for sale 41 0
Net (decrease) increase in cash, cash equivalents and restricted cash (374) 29
Cash, cash equivalents and restricted cash at beginning of period 1,204 991
Cash, cash equivalents and restricted cash at end of period 830 1,020
Less: restricted cash at end of period 82 90
Cash and cash equivalents at end of period 748 930
Supplementary cash flow information:    
Cash paid for income taxes 9 162
Cash paid for interest 112 100
Non-cash investing and financing activity:    
Property, plant and equipment additions 3 4
Finance lease obligations $ 1 $ 0