Table 3: Condensed consolidated statement of cash flows (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| October 3, 2021 | July 4, 2021 |
September 27,
2020 | |||||||||
| Cash flows from operating activities: | |||||||||||
| Net income (loss) | $ | 526 | $ | 406 | $ | (18 | ) | ||||
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||||||||||
| Depreciation and amortization | 306 | 305 | 589 | ||||||||
| Stock-based compensation | 81 | 93 | 83 | ||||||||
| Amortization of discount (premium) on debt, net | — | 1 | — | ||||||||
| Amortization of debt issuance costs | 2 | 1 | 3 | ||||||||
| Net (gain) loss on sale of assets | — | — | (1 | ) | |||||||
| Results relating to equity-accounted investees | (3 | ) | 2 | 1 | |||||||
| (Gain) loss on equity securities, net | (4 | ) | 5 | — | |||||||
| Deferred tax expense (benefit) | (6 | ) | — | (118 | ) | ||||||
| Changes in operating assets and liabilities: | |||||||||||
| (Increase) decrease in receivables and other current assets | 16 | (135 | ) | (252 | ) | ||||||
| (Increase) decrease in inventories | (57 | ) | (60 | ) | 164 | ||||||
| Increase (decrease) in accounts payable and other liabilities | 118 | 73 | 82 | ||||||||
| (Increase) decrease in other non-current assets | (46 | ) | (52 | ) | (9 | ) | |||||
| Exchange differences | (3 | ) | 1 | 5 | |||||||
| Other items | (6 | ) | (4 | ) | (2 | ) | |||||
| Net cash provided by (used for) operating activities | 924 | 636 | 527 | ||||||||
| Cash flows from investing activities: | |||||||||||
| Purchase of identified intangible assets | (27 | ) | (35 | ) | (22 | ) | |||||
| Capital expenditures on property, plant and equipment | (201 | ) | (150 | ) | (70 | ) | |||||
| Purchase of equipment leased to others | (14 | ) | — | — | |||||||
| Insurance recoveries received for equipment damage | 7 | — | — | ||||||||
| Proceeds from the disposals of property, plant and equipment | 1 | — | 2 | ||||||||
| Purchase of interests in businesses, net of cash acquired | (16 | ) | (1 | ) | — | ||||||
| Purchase of investments | — | (4 | ) | (15 | ) | ||||||
| Proceeds from return of equity investments | 2 | 1 | — | ||||||||
| Net cash provided by (used for) investing activities | (248 | ) | (189 | ) | (105 | ) | |||||
| Cash flows from financing activities: | |||||||||||
| Proceeds from the issuance of long-term debt | — | 2,000 | — | ||||||||
| Cash paid for debt issuance costs | — | (22 | ) | — | |||||||
| Dividends paid to non-controlling interests | — | — | (34 | ) | |||||||
| Dividends paid to common stockholders | (152 | ) | (155 | ) | (105 | ) | |||||
| Proceeds from issuance of common stock through stock plans | 29 | — | 27 | ||||||||
| Purchase of treasury shares and restricted stock unit withholdings | (1,157 | ) | (1,203 | ) | (12 | ) | |||||
| Other, net | — | (1 | ) | — | |||||||
| Net cash provided by (used for) financing activities | (1,280 | ) | 619 | (124 | ) | ||||||
| Effect of changes in exchange rates on cash positions | (3 | ) | 2 | 2 | |||||||
| Increase (decrease) in cash and cash equivalents | (607 | ) | 1,068 | 300 | |||||||
| Cash and cash equivalents at beginning of period | 2,910 | 1,842 | 3,266 | ||||||||
| Cash and cash equivalents at end of period | 2,303 | 2,910 | 3,566 | ||||||||
| Net cash paid during the period for: | |||||||||||
| Interest | 56 | 104 | 54 | ||||||||
| Income taxes, net of refunds | 89 | 121 | 39 | ||||||||
| Net gain (loss) on sale of assets: | |||||||||||
| Cash proceeds from the sale of assets | — | — | 2 | ||||||||
| Book value of these assets | — | — | (1 | ) | |||||||
| Non-cash investing activities: | |||||||||||
| Non-cash capital expenditures | 224 | 167 | 62 | ||||||||
