Table 3: Condensed consolidated statement of cash flows (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| April 2, 2023 | December 31, 2022 | April 3, 2022 | |||||||||
| Cash flows from operating activities: | |||||||||||
| Net income (loss) | $ | 623 | $ | 734 | $ | 666 | |||||
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||||||||||
| Depreciation and amortization | 283 | 302 | 310 | ||||||||
| Share-based compensation | 99 | 97 | 89 | ||||||||
| Amortization of discount (premium) on debt, net | 1 | — | 1 | ||||||||
| Amortization of debt issuance costs | 2 | 2 | 2 | ||||||||
| Net (gain) loss on sale of assets | — | 2 | (1 | ) | |||||||
| Results relating to equity-accounted investees | 2 | 6 | (12 | ) | |||||||
| (Gain) loss on equity securities, net | 1 | (2 | ) | (4 | ) | ||||||
| Deferred tax expense (benefit) | (62 | ) | (40 | ) | (33 | ) | |||||
| Changes in operating assets and liabilities: | |||||||||||
| (Increase) decrease in receivables and other current assets | (138 | ) | 59 | (61 | ) | ||||||
| (Increase) decrease in inventories | (196 | ) | (201 | ) | (122 | ) | |||||
| Increase (decrease) in accounts payable and other liabilities | 52 | 88 | 266 | ||||||||
| (Increase) decrease in other non-current assets | (33 | ) | 19 | (247 | ) | ||||||
| Exchange differences | 5 | 19 | — | ||||||||
| Other items | (7 | ) | (9 | ) | 2 | ||||||
| Net cash provided by (used for) operating activities | 632 | 1,076 | 856 | ||||||||
| Cash flows from investing activities: | |||||||||||
| Purchase of identified intangible assets | (42 | ) | (37 | ) | (43 | ) | |||||
| Capital expenditures on property, plant and equipment | (251 | ) | (233 | ) | (280 | ) | |||||
| Purchase of equipment leased to others | — | — | (5 | ) | |||||||
| Proceeds from the disposals of property, plant and equipment | — | — | 1 | ||||||||
| Purchase of interests in businesses, net of cash acquired | — | — | (4 | ) | |||||||
| Purchase of investments | (58 | ) | (11 | ) | — | ||||||
| Proceeds from the sale of investments | — | 1 | — | ||||||||
| Proceeds from return of equity investments | — | 8 | 2 | ||||||||
| Net cash provided by (used for) investing activities | (351 | ) | (272 | ) | (329 | ) | |||||
| Cash flows from financing activities: | |||||||||||
| Cash paid for debt issuance costs | — | (1 | ) | (1 | ) | ||||||
| Dividends paid to common stockholders | (219 | ) | (221 | ) | (149 | ) | |||||
| Proceeds from issuance of common stock through stock plans | 33 | 1 | 28 | ||||||||
| Purchase of treasury shares and restricted stock unit withholdings 1) | (11 | ) | (506 | ) | (552 | ) | |||||
| Other, net | (1 | ) | (1 | ) | — | ||||||
| Net cash provided by (used for) financing activities | (198 | ) | (728 | ) | (674 | ) | |||||
| Effect of changes in exchange rates on cash positions | 2 | 10 | — | ||||||||
| Increase (decrease) in cash and cash equivalents | 85 | 86 | (147 | ) | |||||||
| Cash and cash equivalents at beginning of period | 3,845 | 3,759 | 2,830 | ||||||||
| Cash and cash equivalents at end of period | 3,930 | 3,845 | 2,683 | ||||||||
| Net cash paid during the period for: | |||||||||||
| Interest | 54 | 106 | 45 | ||||||||
| Income taxes, net of refunds | 294 | 126 | 122 | ||||||||
| Net gain (loss) on sale of assets: | |||||||||||
| Cash proceeds from the sale of assets | — | — | 1 | ||||||||
| Book value of these assets | — | (2 | ) | — | |||||||
| Non-cash investing activities: | |||||||||||
| Non-cash capital expenditures | 176 | 232 | 246 | ||||||||
