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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 23, 2024
Mar. 25, 2023
Operating Activities    
Net income $ 2,053 $ 1,944
Depreciation and amortization 641 590
Impairment and other (credits)/charges 0 (13)
Product recall-related impact 167 0
Operating lease right-of-use asset amortization 127 116
Share-based compensation expense 97 93
Restructuring and impairment charges 96 112
Cash payments for restructuring charges (60) (64)
Payments for product recall-related impact (108) 0
Pension and retiree medical plan expense 31 30
Pension and retiree medical plan contributions (218) (175)
Deferred income taxes and other tax charges and credits 116 78
Change in assets and liabilities:    
Accounts and notes receivable (96) (348)
Inventories (291) (542)
Prepaid expenses and other current assets (342) (288)
Accounts payable and other current liabilities (3,408) (2,259)
Income taxes payable 222 290
Other, net (68) 44
Net Cash Used for Operating Activities (1,041) (392)
Investing Activities    
Capital spending (614) (581)
Sales of property, plant and equipment 7 19
Acquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of intangible and other assets (6) (16)
Other divestitures, sales of investments in noncontrolled affiliates and other assets 53 85
Short-term investments, by original maturity:    
More than three months - purchases 0 (158)
More than three months - maturities 0 100
Three months or less, net 8 19
Other investing, net (10) 0
Net Cash Used for Investing Activities (562) (532)
Financing Activities    
Proceeds from issuances of long-term debt 1,761 2,986
Payments of long-term debt (1,252) (1,251)
Short-term borrowings, by original maturity:    
More than three months - proceeds 2,313 393
More than three months - payments (1,631) (1)
Three months or less, net 774 491
Cash dividends paid (1,767) (1,608)
Share repurchases (146) (160)
Proceeds from exercises of stock options 66 46
Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted (108) (116)
Other financing 0 (3)
Net Cash Provided by Financing Activities 10 777
Effect of exchange rate changes on cash and cash equivalents and restricted cash (38) (116)
Net Decrease in Cash and Cash Equivalents and Restricted Cash (1,631) (263)
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 9,761 5,100
Cash and Cash Equivalents and Restricted Cash, End of Period 8,130 4,837
Supplemental Non-Cash Activity    
Right-of-use assets obtained in exchange for lease obligations $ 259 $ 213