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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 12,255 $ 12,013
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 5,194 3,773
Stock based compensation 822 758
Asset write-downs 1,226 309
Net gain on sale of assets/businesses (443) (527)
Deferred tax provision 53 (407)
Accounts receivable allowances (3) 59
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (1,040) (300)
Increase in inventories (777) (193)
Increase in accounts payable and accrued liabilities 731 339
Increase in other current and non-current assets (904) (555)
Decrease in other current and non-current liabilities (1,157) (318)
NET CASH FLOWS FROM OPERATING ACTIVITIES 15,957 14,951
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (2,352) (2,039)
Proceeds from the disposal of assets/businesses, net 895 726
Acquisitions, net of cash acquired (897) (34,646)
Purchases of investments (4,155) (5,798)
Sales of investments 1,162 27,511
Other (48) (117)
NET CASH USED BY INVESTING ACTIVITIES (5,395) (14,363)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to shareholders (7,083) (6,687)
Repurchase of common stock (2,060) (5,543)
Proceeds from short-term debt 40 4,760
Retirement of short-term debt (2,365) (936)
Proceeds from long-term debt, net of issuance costs 6 4,465
Retirement of long-term debt (910) (1,024)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 480 854
Other (229) (25)
NET CASH USED BY FINANCING ACTIVITIES (12,121) (4,136)
Effect of exchange rate changes on cash and cash equivalents (209) 297
Decrease in cash and cash equivalents (1,768) (3,251)
Cash and Cash equivalents, beginning of period 17,824 18,972
CASH AND CASH EQUIVALENTS, END OF PERIOD 16,056 15,721
Acquisitions    
Fair value of assets acquired 1,046 36,494
Fair value of liabilities assumed and noncontrolling interests (149) (1,848)
Net cash paid for acquisitions $ 897 $ 34,646