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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 20, 2021
Mar. 21, 2020
Operating Activities    
Net income $ 1,723 $ 1,351
Depreciation and amortization 560 533
Share-based compensation expense 79 61
Restructuring and impairment charges 43 38
Cash payments for restructuring charges (49) (60)
Merger and integration (credits)/charges (10) 25
Cash payments for merger and integration charges (7) (38)
Pension and retiree medical plan expenses 21 40
Pension and retiree medical plan contributions (413) (234)
Deferred income taxes and other tax charges and credits 108 25
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (455) (784)
Inventories (397) (312)
Prepaid expenses and other current assets (210) (263)
Accounts payable and other current liabilities (1,906) (1,419)
Income taxes payable 227 204
Other, net (33) 84
Net Cash Provided by (Used in) Operating Activities (719) (749)
Investing Activities    
Capital spending (471) (484)
Sales of property, plant and equipment 5 5
Acquisitions, net of cash acquired, and investments in noncontrolled affiliates (13) (454)
Divestitures 35 0
Short-term investments, by original maturity [Abstract]    
More than three months - maturities 535 0
Three months or less, net 3 7
Other investing, net 0 1
Net Cash Provided by (Used in) Investing Activities 94 (925)
Financing Activities    
Proceeds from Issuance of Long-term Debt 0 6,429
Payments of long-term debt (1) (1)
Short-term borrowings, by original maturity    
More than three months - proceeds 0 164
More than three months - payments (396) (2)
Three months or less, net 53 2,794
Cash dividends paid (1,429) (1,349)
Share repurchases - common (106) (573)
Proceeds from exercises of stock options 62 78
Withholding tax payments on RSUs and PSUs converted (71) (76)
Other financing 0 (2)
Net Cash Provided by/(Used for) Financing Activities (1,888) 7,462
Effect of exchange rate changes on cash and cash equivalents and restricted cash (10) (66)
Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash (2,523) 5,722
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 8,254 5,570
Cash and Cash Equivalents and Restricted Cash, End of Period 5,731 11,292
Supplemental Non-Cash Activity    
Right-of-use assets obtained in exchange for lease obligations $ 167 $ 148