v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2026
Sep. 27, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,635 $ 2,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 214 204
Amortization 141 99
Pension (income) expense (72) 4
Stock compensation expense 89 62
Deferred income taxes (8) (186)
Other (45) 33
Changes in assets and liabilities:    
Accounts receivable (231) (390)
Inventories (323) (262)
Contract assets (95) (76)
Other assets (185) 78
Accounts payable 23 (57)
Contract liabilities 14 4
Other liabilities (143) 59
Net cash provided by operating activities 1,014 1,864
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (428) (372)
Increase in investments, net (5) (1)
Amounts advanced for related party loans receivable (7) (19)
Payments received from related party loans receivable 51 0
Other 4 0
Net cash used for investing activities (385) (392)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 15,843 0
Net transfers to Parent (15,080) (1,224)
Other (24) (41)
Net cash provided by (used for) financing activities 739 (1,265)
Effect of foreign exchange rate changes on cash and cash equivalents (23) 19
Net increase in cash and cash equivalents 1,345 226
Cash and cash equivalents at beginning of period 213 244
Cash and cash equivalents at end of period $ 1,558 $ 470