I think a good percent will be used to pay down debt. A lot of companies borrowed for share buy backs while keeping their cash over seas. It makes sense to payoff that debt if you can bring the money back. I think you’ll see quite a bit of share repurchase and some special dividends. If I had to guess, it’ll be:
40% payoff debt
30% share repurchase
10% special dividend
20% investment that’ll create jobs
Even the first 3 will help the US economy though. It brings that money into the US to be spent or invested here.