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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 19, 2016
Mar. 21, 2015
Operating Activities    
Net income $ 945 $ 1,231
Depreciation and amortization 481 496
Share-based compensation expense 69 76
Restructuring and impairment charges 30 36
Cash payments for restructuring charges (30) (47)
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp.(Tingyi) 373 0
Excess tax benefits from share-based payment arrangements (75) (38)
Pension and retiree medical plan expenses 60 104
Pension and retiree medical plan contributions (93) (83)
Deferred income taxes and other tax charges and credits 19 (19)
Accounts and notes receivable (349) (435)
Inventories (530) (414)
Prepaid expenses and other current assets (255) (262)
Accounts payable and other current liabilities (661) (689)
Income taxes payable 318 294
Other, net (171) 20
Net Cash Provided by Operating Activities 131 270
Investing Activities    
Capital spending (389) (270)
Sales of property, plant and equipment 25 11
Acquisitions and investments in noncontrolled affiliates 0 (9)
Divestitures 55 68
More than three months - purchases (2,556) (647)
More than three months - maturities 1,446 1,164
Three months or less, net 7 3
Net Cash (Used for)/Provided by Investing Activities (1,412) 320
Financing Activities    
Proceeds from issuances of long-term debt 2,532 0
Payments of long-term debt (1,251) (2,052)
Short-term borrowings, by original maturity    
More than three months - proceeds 0 10
More than three months - payments (9) (2)
Three months or less, net 480 3,729
Cash dividends paid (1,038) (978)
Share repurchases - common (619) (1,124)
Share repurchases - preferred (2) (1)
Proceeds from exercises of stock options 165 171
Excess tax benefits from share-based payment arrangements 75 38
Other financing (2) (1)
Net Cash Provided by/(Used for) Financing Activities 331 (210)
Effect of exchange rate changes on cash and cash equivalents (22) (104)
Net (Decrease)/Increase in Cash and Cash Equivalents (972) 276
Cash and Cash Equivalents, Beginning of Year 9,096 6,134
Cash and Cash Equivalents, End of Period $ 8,124 $ 6,410