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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Cash flows from operating activities    
Net income $ 378 $ 655
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 510 497
Stock-based compensation expense 52 34
Amortization of deferred financing costs 24 30
Deferred taxes 101 (7)
Credit losses 7 39
Unrealized foreign exchange (gain) loss, net (17) 94
Loss on extinguishment of debt 23 0
Non-cash lease expense 35 35
Fire at distribution center 320 0
Other non-cash adjustments 18 4
Changes in assets and liabilities, net of acquisitions:    
Trade accounts receivable (148) (149)
Inventories (116) (160)
Other assets (297) (43)
Accounts payable 89 45
Accrued expenses and other current liabilities 191 (174)
Other liabilities (43) (21)
Net cash provided by operating activities 1,127 879
Cash flows from investing activities    
Purchases of property and equipment, net (207) (208)
Acquisitions of businesses, net of cash acquired 0 6
Cash paid for asset acquisitions 0 (33)
Short-term investments (350) 0
Net cash used in investing activities (557) (235)
Cash flows from financing activities    
Proceeds from long-term borrowings 4,733 0
Repayment for long-term borrowings (4,771) (19)
Repayment under lines of credit 0 (179)
Proceeds from lines of credit 0 179
Payment for debt issuance cost (3) 0
Payment for offering costs (4) 0
Payment towards Class B unit repurchases 0 (15)
Exercise of employee stock options 1 0
Settlement of taxes withheld on stock-based awards (5) 0
Distributions to partners 0 (303)
Distributions to noncontrolling interests (123) 0
Net cash used in financing activities (172) (337)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (11) 27
Net change in cash and cash equivalents and restricted cash 387 334
Cash, cash equivalents and restricted cash, beginning of year 1,942 250
Cash, cash equivalents and restricted cash, end of period 2,329 584
Supplemental disclosure of cash flow information:    
Cash payments for interest on borrowings 324 472
Cash received from interest rate hedging activities 17 38
Cash payments for income taxes, net 55 26
Non-cash purchases of property, plant and equipment 52 42
Recognition of tax receivable agreement liability 862 0
Recognition of deferred tax assets from equity transactions $ 391 $ 0