Table 3: Condensed consolidated statement of cash flows (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| April 3, 2022 |
December 31,
2021 | April 4, 2021 | |||||||||
| Cash flows from operating activities: | |||||||||||
| Net income (loss) | $ | 666 | $ | 610 | $ | 364 | |||||
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||||||||||
| Depreciation and amortization | 310 | 310 | 341 | ||||||||
| Stock-based compensation | 89 | 88 | 91 | ||||||||
| Amortization of discount (premium) on debt, net | 1 | — | — | ||||||||
| Amortization of debt issuance costs | 2 | 2 | 2 | ||||||||
| Net (gain) loss on sale of assets | (1 | ) | (1 | ) | — | ||||||
| (Gain) loss on extinguishment of debt | — | 22 | — | ||||||||
| Results relating to equity-accounted investees | (12 | ) | 2 | 1 | |||||||
| (Gain) loss on equity securities, net | (4 | ) | 4 | (3 | ) | ||||||
| Deferred tax expense (benefit) | (33 | ) | (26 | ) | 12 | ||||||
| Changes in operating assets and liabilities: | |||||||||||
| (Increase) decrease in receivables and other current assets | (61 | ) | 38 | (95 | ) | ||||||
| (Increase) decrease in inventories | (122 | ) | (16 | ) | (26 | ) | |||||
| Increase (decrease) in accounts payable and other liabilities | 266 | 6 | 51 | ||||||||
| (Increase) decrease in other non-current assets | (247 | ) | (244 | ) | (8 | ) | |||||
| Exchange differences | — | (2 | ) | (1 | ) | ||||||
| Other items | 2 | (8 | ) | 3 | |||||||
| Net cash provided by (used for) operating activities | 856 | 785 | 732 | ||||||||
| Cash flows from investing activities: | |||||||||||
| Purchase of identified intangible assets | (43 | ) | (33 | ) | (37 | ) | |||||
| Capital expenditures on property, plant and equipment | (280 | ) | (266 | ) | (150 | ) | |||||
| Purchase of equipment leased to others | (5 | ) | (19 | ) | — | ||||||
| Insurance recoveries received for equipment damage | — | 3 | — | ||||||||
| Proceeds from the disposals of property, plant and equipment | 1 | — | — | ||||||||
| Purchase of interests in businesses, net of cash acquired | (4 | ) | (6 | ) | — | ||||||
| Purchase of investments | — | (2 | ) | (2 | ) | ||||||
| Proceeds from the sale of investments | — | — | 8 | ||||||||
| Proceeds from return of equity investments | 2 | 7 | — | ||||||||
| Net cash provided by (used for) investing activities | (329 | ) | (316 | ) | (181 | ) | |||||
| Cash flows from financing activities: | |||||||||||
| Repurchase of long-term debt | — | (1,021 | ) | — | |||||||
| Proceeds from the issuance of long-term debt | — | 2,000 | — | ||||||||
| Cash paid for debt issuance costs | (1 | ) | (25 | ) | — | ||||||
| Dividends paid to common stockholders | (149 | ) | (150 | ) | (105 | ) | |||||
| Proceeds from issuance of common stock through stock plans | 28 | 2 | 31 | ||||||||
| Purchase of treasury shares and restricted stock unit withholdings | (552 | ) | (750 | ) | (905 | ) | |||||
| Other, net | — | (1 | ) | — | |||||||
| Net cash provided by (used for) financing activities | (674 | ) | 55 | (979 | ) | ||||||
| Effect of changes in exchange rates on cash positions | — | 3 | (5 | ) | |||||||
| Increase (decrease) in cash and cash equivalents | (147 | ) | 527 | (433 | ) | ||||||
| Cash and cash equivalents at beginning of period | 2,830 | 2,303 | 2,275 | ||||||||
| Cash and cash equivalents at end of period | 2,683 | 2,830 | 1,842 | ||||||||
| Net cash paid during the period for: | |||||||||||
| Interest | 45 | 140 | 56 | ||||||||
| Income taxes, net of refunds | 122 | 103 | 40 | ||||||||
| Net gain (loss) on sale of assets: | |||||||||||
| Cash proceeds from the sale of assets | 1 | 1 | — | ||||||||
| Book value of these assets | — | — | — | ||||||||
| Non-cash investing activities: | |||||||||||
| Non-cash capital expenditures | 246 | 243 | 121 | ||||||||
