v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
Cash flows from operating activities:    
Net income $ 532 $ 349
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 170 126
Losses on long-term investments 15 11
Share-based compensation 136 130
Deferred income taxes 6 61
Gain on sale of business (5) 0
Other, net 1 2
Changes in operating assets and liabilities:    
Accounts receivable, net (229) 57
Inventories, net (125) 30
Other assets (21) 16
Accounts payable 194 (115)
Accrued liabilities 17 (49)
Deferred revenue 9 16
Income taxes 8 (71)
Other operating activities 3 (3)
Net cash provided by operating activities 711 560
Cash flows from investing activities:    
Acquisition of business 0 (62)
Proceeds from the sale of business 9 0
Purchases of property, plant and equipment (50) (56)
Proceeds from sale of long-term investments 1 1
Purchases of long-term investments 0 (4)
Other investing activities 1 0
Net cash used in investing activities (39) (121)
Cash flows from financing activities:    
Payments of debt (138) 0
Proceeds from issuance of debt 205 0
Payments for repurchases of common stock (643) (284)
Net payments related to share-based compensation plans (20) (15)
Change in unremitted cash collections from servicing factored receivables (21) 9
Other financing activities 0 4
Net cash used in financing activities (617) (286)
Effect of exchange rate changes on cash and cash equivalents 2 (1)
Net increase in cash and cash equivalents 57 152
Cash and cash equivalents at beginning of period 125 901
Cash and cash equivalents at end of period 182 1,053
Supplemental disclosures of cash flow information:    
Income taxes paid 118 124
Interest paid $ 99 $ 79