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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 19, 2022
Mar. 20, 2021
Operating Activities    
Net income $ 4,273 $ 1,723
Depreciation and amortization 555 560
Gain associated with the Juice Transaction (3,322) [1] 0
Brand portfolio impairment charges 241 0
Russia-Ukraine conflict charges 241 0
Operating lease right-of-use asset amortization 103 99
Share-based compensation expense 81 79
Restructuring and impairment charges 27 43
Cash payments for restructuring charges (32) (49)
Acquisition and divestiture-related charges 56 (10)
Cash payments for acquisition and divestiture-related charges (17) (7)
Pension and retiree medical plan (income)/expense (1) 21
Pension and retiree medical plan contributions (178) (413)
Deferred income taxes and other tax charges and credits 257 108
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (837) (455)
Inventories (549) (397)
Prepaid expenses and other current assets (190) (210)
Accounts payable and other current liabilities (1,238) (1,906)
Income taxes payable 489 227
Other, net (133) (132)
Net Cash Provided by (Used in) Operating Activities (174) (719)
Investing Activities    
Capital spending (522) (471)
Sales of property, plant and equipment 3 5
Acquisitions, net of cash acquired, and investments in noncontrolled affiliates (13) (13)
Proceeds associated with the Juice Transaction 3,456 0
Other divestitures and sales of investments in noncontrolled affiliates 5 35
Short-term investments, by original maturity [Abstract]    
More than three months - maturities 0 535
Three months or less, net 22 3
Other investing, net 4 0
Net Cash Provided by (Used in) Investing Activities 2,955 94
Financing Activities    
Payments of long-term debt (1,251) (1)
Short-term borrowings, by original maturity    
More than three months - proceeds 559 0
More than three months - payments 0 (396)
Three months or less, net 647 53
Cash dividends paid (1,505) (1,429)
Share repurchases - common (193) (106)
Proceeds from exercises of stock options 49 62
Withholding tax payments on RSUs and PSUs converted (85) (71)
Other financing (1) 0
Net Cash Provided by/(Used for) Financing Activities (1,780) (1,888)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (17) (10)
Net Increase/(Decrease) in Cash and Cash Equivalents and Restricted Cash 984 (2,523)
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 5,707 8,254
Cash and Cash Equivalents and Restricted Cash, End of Period 6,691 5,731
Supplemental Non-Cash Activity    
Right-of-use assets obtained in exchange for lease obligations $ 100 $ 167
[1] In the 12 weeks ended March 19, 2022, we sold our Tropicana, Naked and other select juice brands to PAI Partners for approximately $3.5 billion in cash and a 39% noncontrolling interest in a newly formed joint venture (Tropicana JV) operating across North America and Europe (Juice Transaction). See Note 11 for further information.