XML 19 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 02, 2017
Jul. 03, 2016
CASH FLOW FROM OPERATING ACTIVITIES    
Net earnings $ 8,249 $ 8,454
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 2,062 1,791
Stock based compensation 522 479
Asset write-downs 270 187
Net gain on sale of assets/businesses (53) (185)
Deferred tax provision (72) 115
Accounts receivable allowances 24 (4)
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (476) (1,098)
Increase in inventories (421) (443)
Decrease in accounts payable and accrued liabilities (1,201) (1,047)
Increase in other current and non-current assets (541) (794)
Increase/(Decrease) in other current and non-current liabilities 322 (702)
NET CASH FLOWS FROM OPERATING ACTIVITIES 8,685 6,753
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (1,249) (1,396)
Proceeds from the disposal of assets/businesses, net 125 685
Acquisitions, net of cash acquired (34,072) (730)
Purchases of investments (5,227) (17,511)
Sales of investments 27,320 18,775
Other (80) (38)
NET CASH USED BY INVESTING ACTIVITIES (13,183) (215)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to shareholders (4,433) (4,266)
Repurchase of common stock (5,232) (4,751)
Proceeds from short-term debt 2,635 118
Retirement of short-term debt (180) (4,687)
Proceeds from long-term debt, net of issuance costs 4,464 11,951
Retirement of long-term debt (15) (936)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 719 929
Other (25) 0
NET CASH USED BY FINANCING ACTIVITIES (2,067) (1,642)
Effect of exchange rate changes on cash and cash equivalents 191 12
(Decrease)/Increase in cash and cash equivalents (6,374) 4,908
Cash and Cash equivalents, beginning of period 18,972 13,732
CASH AND CASH EQUIVALENTS, END OF PERIOD 12,598 18,640
Acquisitions    
Fair value of assets acquired 36,161 744
Fair value of liabilities assumed and noncontrolling interests (2,089) (14)
Net cash paid for acquisitions $ 34,072 $ 730