XML 25 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2018
Jul. 02, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 8,321 $ 8,249
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 3,463 2,062
Stock based compensation 580 522
Asset write-downs 27 270
Net gain on sale of assets/businesses (443) (53)
Deferred tax provision (285) (72)
Accounts receivable allowances (16) 24
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (989) (476)
Increase in inventories (491) (421)
Decrease in accounts payable and accrued liabilities (49) (1,201)
Increase in other current and non-current assets (267) (541)
(Decrease)/Increase in other current and non-current liabilities (166) 322
NET CASH FLOWS FROM OPERATING ACTIVITIES 9,685 8,685
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (1,533) (1,249)
Proceeds from the disposal of assets/businesses, net 870 125
Acquisitions, net of cash acquired (222) (34,072)
Purchases of investments (951) (5,227)
Sales of investments 743 27,320
Other (33) (80)
NET CASH USED BY INVESTING ACTIVITIES (1,126) (13,183)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to shareholders (4,668) (4,433)
Repurchase of common stock (1,589) (5,232)
Proceeds from short-term debt 27 2,635
Retirement of short-term debt (2,433) (180)
Proceeds from long-term debt, net of issuance costs 3 4,464
Retirement of long-term debt (9) (15)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 162 719
Other (137) (25)
NET CASH USED BY FINANCING ACTIVITIES (8,644) (2,067)
Effect of exchange rate changes on cash and cash equivalents (170) 191
Decrease in cash and cash equivalents (255) (6,374)
Cash and Cash equivalents, beginning of period 17,824 18,972
CASH AND CASH EQUIVALENTS, END OF PERIOD 17,569 12,598
Acquisitions    
Fair value of assets acquired 334 36,161
Fair value of liabilities assumed and noncontrolling interests (112) (2,089)
Net cash paid for acquisitions $ 222 $ 34,072