Table 3: Condensed consolidated statement of cash flows (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| June 28, 2020 | March 29, 2020 | June 30, 2019 | |||||||||
| Cash flows from operating activities: | |||||||||||
| Net income (loss) | $ | (209 | ) | $ | (13 | ) | $ | 46 | |||
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||||||||||
| Depreciation and amortization | 543 | 540 | 506 | ||||||||
| Stock-based compensation | 105 | 107 | 87 | ||||||||
| Amortization of discount (premium) on debt, net | (1 | ) | — | 11 | |||||||
| Amortization of debt issuance costs | 3 | 1 | 3 | ||||||||
| Net (gain) loss on sale of assets | — | (110 | ) | 1 | |||||||
| (Gain) loss on extinguishment of debt | — | — | 10 | ||||||||
| Results relating to equity-accounted investees | 1 | 1 | 1 | ||||||||
| Deferred tax expense (benefit) | (81 | ) | (75 | ) | (30 | ) | |||||
| Changes in operating assets and liabilities: | |||||||||||
| (Increase) decrease in receivables and other current assets | 224 | 27 | 31 | ||||||||
| (Increase) decrease in inventories | — | (35 | ) | 84 | |||||||
| Increase (decrease) in accounts payable and other liabilities | (160 | ) | 64 | (218 | ) | ||||||
| (Increase) decrease in other non-current assets | (11 | ) | 4 | (14 | ) | ||||||
| Exchange differences | 5 | (4 | ) | 1 | |||||||
| Other items | (5 | ) | 5 | (2 | ) | ||||||
| Net cash provided by (used for) operating activities | 414 | 512 | 517 | ||||||||
| Cash flows from investing activities: | |||||||||||
| Purchase of identified intangible assets | (28 | ) | (45 | ) | (23 | ) | |||||
| Capital expenditures on property, plant and equipment | (75 | ) | (143 | ) | (106 | ) | |||||
| Proceeds from the disposals of property, plant and equipment | 1 | — | — | ||||||||
| Purchase of interests in businesses, net of cash acquired | (11 | ) | (10 | ) | — | ||||||
| Proceeds from sale of interests in businesses | — | 161 | — | ||||||||
| Purchase of investments | — | — | (15 | ) | |||||||
| Proceeds from sale of investments | — | — | — | ||||||||
| Net cash provided by (used for) investing activities | (113 | ) | (37 | ) | (144 | ) | |||||
| Cash flows from financing activities: | |||||||||||
| Repurchase of long-term debt | — | — | (553 | ) | |||||||
| Proceeds from the issuance of long-term debt | 2,000 | — | 1,750 | ||||||||
| Cash paid for debt issuance costs | (15 | ) | — | (23 | ) | ||||||
| Dividends paid to common stockholders | (105 | ) | (105 | ) | (71 | ) | |||||
| Proceeds from issuance of common stock through stock plans | 8 | 29 | 5 | ||||||||
| Purchase of treasury shares and restricted stock unit withholdings | (3 | ) | (355 | ) | (645 | ) | |||||
| Net cash provided by (used for) financing activities | 1,885 | (431 | ) | 463 | |||||||
| Effect of changes in exchange rates on cash positions | 1 | (10 | ) | 2 | |||||||
| Increase (decrease) in cash and cash equivalents | 2,187 | 34 | 838 | ||||||||
| Cash and cash equivalents at beginning of period | 1,079 | 1,045 | 2,192 | ||||||||
| Cash and cash equivalents at end of period | 3,266 | 1,079 | 3,030 | ||||||||
| Net cash paid during the period for: | |||||||||||
| Interest | 104 | 53 | 78 | ||||||||
| Income tax | 25 | 39 | 66 | ||||||||
| Net gain (loss) on sale of assets: | |||||||||||
| Cash proceeds from the sale of assets | — | 161 | — | ||||||||
| Book value of these assets | — | (51 | ) | — | |||||||
| Non-cash investing activities: | |||||||||||
| Non-cash capital expenditures | (24 | ) | 78 | 89 | |||||||
