Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| April 3, 2022 |
December 31,
2021 | April 4, 2021 | |||||||||
| Net income (loss) | $ | 666 | $ | 610 | $ | 364 | |||||
| Reconciling items to adjusted net income | |||||||||||
| Financial (income) expense | 105 | 123 | 87 | ||||||||
| (Benefit) provision for income taxes | 114 | 72 | 40 | ||||||||
| Depreciation | 142 | 145 | 132 | ||||||||
| Amortization | 168 | 165 | 209 | ||||||||
| Adjusted net income | $ | 1,195 | $ | 1,115 | $ | 832 | |||||
| Reconciling items to adjusted EBITDA | |||||||||||
| Results of equity-accounted investees | (12 | ) | 2 | 1 | |||||||
| Restructuring | (1 | ) | — | — | |||||||
| Stock based costs | 89 | 88 | 91 | ||||||||
| Other incidental items | 8 | 10 | 11 | ||||||||
| Adjusted EBITDA | $ | 1,279 | $ | 1,215 | $ | 935 | |||||
| Trailing twelve month adjusted EBITDA | $ | 4,576 | $ | 4,232 | $ | 3,087 | |||||
| ($ in millions) | Three months ended | ||||||||||
| April 3, 2022 |
December 31,
2021 | April 4, 2021 | |||||||||
| Net cash provided by (used for) operating activities | $ | 856 | $ | 785 | $ | 732 | |||||
| Net capital expenditures on property, plant and equipment | (279 | ) | (266 | ) | (150 | ) | |||||
| Non-GAAP free cash flow | $ | 577 | $ | 519 | $ | 582 | |||||
| Trailing twelve month non-GAAP free cash flow | $ | 2,306 | $ | 2,311 | $ | 2,307 | |||||
| Trailing twelve month non-GAAP free cash flow as percent of Revenue | 20 | % | 21 | % | 25 | % | |||||
