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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 25, 2023
Mar. 19, 2022
Operating Activities    
Net income $ 1,944 $ 4,273
Depreciation and amortization 590 555
Gain associated with the Juice Transaction 0 (3,322)
Impairment and other (credits)/charges (13) 482
Operating lease right-of-use asset amortization 116 103
Share-based compensation expense 93 81
Restructuring and impairment charges 112 27
Cash payments for restructuring charges (64) (32)
Acquisition and divestiture-related charges 2 56
Cash payments for acquisition and divestiture-related charges (4) (17)
Pension and retiree medical plan expense/(income) 30 (1)
Pension and retiree medical plan contributions (175) (178)
Deferred income taxes and other tax charges and credits 78 257
Change in assets and liabilities:    
Accounts and notes receivable (348) (837)
Inventories (542) (549)
Prepaid expenses and other current assets (288) (190)
Accounts payable and other current liabilities (2,259) (1,238)
Income taxes payable 290 489
Other, net 46 (133)
Net Cash Used for Operating Activities (392) (174)
Investing Activities    
Capital spending (581) (522)
Sales of property, plant and equipment 19 3
Acquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of intangible and other assets (16) (13)
Proceeds associated with the Juice Transaction 0 3,456
Other divestitures, sales of investments in noncontrolled affiliates and other assets 85 5
Short-term investments, by original maturity:    
More than three months - purchases (158) 0
More than three months - maturities 100 0
Three months or less, net 19 22
Other investing, net 0 4
Net Cash (Used for)/Provided by Investing Activities (532) 2,955
Financing Activities    
Proceeds from issuances of long-term debt 2,986 0
Payments of long-term debt (1,251) (1,251)
Short-term borrowings, by original maturity:    
More than three months - proceeds 393 559
More than three months - payments (1) 0
Three months or less, net 491 647
Cash dividends paid (1,608) (1,505)
Share repurchases - common (160) (193)
Proceeds from exercises of stock options 46 49
Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted (116) (85)
Other financing (3) (1)
Net Cash Provided by/(Used for) Financing Activities 777 (1,780)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (116) (17)
Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash (263) 984
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 5,100 5,707
Cash and Cash Equivalents and Restricted Cash, End of Period 4,837 6,691
Supplemental Non-Cash Activity    
Right-of-use assets obtained in exchange for lease obligations $ 213 $ 100