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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 6,197 $ 5,796
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 1,894 1,747
Stock based compensation 307 263
Asset write-downs 14 11
Contingent consideration reversal 0 (983)
Net gain on sale of assets/businesses (580) 0
Deferred tax provision (730) 54
Credit losses and accounts receivable allowances (13) 22
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (1,604) (812)
Increase in inventories (695) (159)
Decrease in accounts payable and accrued liabilities (2,336) (2,523)
Decrease in other current and non-current assets 2,522 271
Decrease in other current and non-current liabilities (902) (329)
NET CASH FLOWS FROM OPERATING ACTIVITIES 4,074 3,358
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (677) (625)
Proceeds from the disposal of assets/businesses, net (Note 10) 603 17
Acquisitions, net of cash acquired (Note 10) 0 (939)
Purchases of investments (5,994) (2,064)
Sales of investments 5,233 1,544
Credit support agreements activity, net 751 1,743
Other (primarily licenses and milestones) (101) (257)
NET CASH USED BY INVESTING ACTIVITIES (185) (581)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to shareholders (2,659) (2,505)
Repurchase of common stock (1,438) (1,711)
Proceeds from short-term debt 23 10
Repayment of short-term debt (475) (18)
Proceeds from long-term debt, net of issuance costs 1 0
Repayment of long-term debt (1,001) (11)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 236 332
Credit support agreements activity, net 212 0
Other (24) (412)
NET CASH USED BY FINANCING ACTIVITIES (5,125) (4,315)
Effect of exchange rate changes on cash and cash equivalents (78) (237)
Decrease in cash and cash equivalents (1,314) (1,775)
Cash and Cash equivalents, beginning of period 13,985 17,305
CASH AND CASH EQUIVALENTS, END OF PERIOD 12,671 15,530
Acquisitions    
Fair value of assets acquired 0 1,136
Fair value of liabilities assumed and noncontrolling interests 0 (197)
Net cash paid for acquisitions $ 0 $ 939