b) What was the net cash provided by or used by financing activities for each of the two most recent fiscal year ends (12/25/21 and 12/26/20)? Make sure to state whether the amounts are in thousands or millions and whether they are net inflows or outflows. c) What is the main reason the net financing cash flow changed so much during the past year? December 25, 2021 December 26, 2020 December 28, 2019 CASH FLOWS FROM OPERATING ACTIVITIES: Net income/(loss) Adjustments to reconcile net income/(loss) to operating cash flows: Depreciation and amortization Amortization of postemployment benefit plans prior service costs/(credits) Divestiture-related license income Equity award compensation expense Deferred income tax provision/(benefit) Postemployment benefit plan contributions Goodwill and intangible asset impairment losses Nonmonetary currency devaluation Loss/(gain) on sale of business Proceeds from sale of license Loss on extinguishment of debt Other items, net Changes in current assets and liabilities: Trade receivables Inventories 1,024 S 361 $ 1,933 910 969 994 (7) (122) (306) (4) 197 156 46 (1,042) (343) (293) (27) (27) (32) 1,634 3,399 1,899 6 10 (44) 2 (420) 1,587 917 124 (187) (54) 98 (142) 87 (26) 140 (144) (249) (307) Accounts payable 408 207 (58) Other current assets Other current liabilities Net cash provided by/(used for) operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (32) 40 80 87 486 (90) 5,364 4,929 3,552 (905) (596) (768) Payments to acquire business, net of cash acquired (74) - (199) Settlement of net investment hedges (28) 25 Proceeds from sale of business, net of cash disposed 5,014 - 590 1,875 Other investing activities, net 31 49 13 Net cash provided by/(used for) investing activities 4,038 (522) 1,511 CASH FLOWS FROM FINANCING ACTIVITIES: Repayments of long-term debt (6,202) (4,697) (4,795) Proceeds from issuance of long-term debt 3,500 2,967 Debt prepayment and extinguishment costs (924) (116) (99) Proceeds from revolving credit facility Repayments of revolving credit facility Proceeds from issuance of commercial paper Repayments of commercial paper 4,000 (4,000) 557 - - (557) Dividends paid (1,959) (1,958) (1,953) Other financing activities, net (259) (60) (33) Net cash provided by/(used for) financing activities (9,344) (3,331) (3,913) Effect of exchange rate changes on cash, cash equivalents, and restricted cash (30) 62 (6) Cash, cash equivalents, and restricted cash Net increase/(decrease) 28 1,138 1,144 Balance at beginning of period 3,418 2,280 1,136 Balance at end of period CASH PAID DURING THE PERIOD FOR: Interest Income taxes, net of refunds 3,446 S 3,418 $ 2,280 1,196 S 1,286 $ 1,306 1,295 1,027 974