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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Operating Activities    
Net income before allocation to noncontrolling interests $ 4,886 $ 3,364
Income from discontinued operations––net of tax 9 881
Net income from continuing operations before allocation to noncontrolling interests 4,877 2,483
Adjustments to reconcile net income before allocation to noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 1,226 1,166
Asset write-offs and impairments 46 44
Gain on completion of Consumer Healthcare JV transaction, net of cash conveyed 0 (6)
Deferred taxes from continuing operations 199 82
Share-based compensation expense 172 57
Benefit plan contributions in excess of expense/income (373) (276)
Other adjustments, net (291) 120
Other changes in assets and liabilities, net of acquisitions and divestitures (1,327) (1,515)
Net cash provided by operating activities from continuing operations 4,530 2,155
Net cash provided by operating activities from discontinued operations 9 978
Net cash provided by operating activities 4,538 3,133
Investing Activities    
Purchases of property, plant and equipment (554) (449)
Purchases of short-term investments (6,054) (2,551)
Proceeds from redemptions/sales of short-term investments 5,465 3,257
Net (purchases of)/proceeds from redemptions/sales of short-term investments with original maturities of three months or less (996) (416)
Purchases of long-term investments (27) (22)
Proceeds from redemptions/sales of long-term investments 256 152
Other investing activities, net 163 (24)
Net cash provided by/(used in) investing activities from continuing operations (1,747) (53)
Net cash provided by/(used in) investing activities from discontinued operations 0 (19)
Net cash provided by/(used in) investing activities (1,747) (71)
Financing Activities    
Proceeds from short-term borrowings 0 5,302
Principal payments on short-term borrowings 0 (7,551)
Net (payments on)/proceeds from short-term borrowings with original maturities of three months or less (25) 3,207
Proceeds from issuance of long-term debt 0 1,241
Principal payments on long-term debt 0 (2,181)
Cash dividends paid (2,172) (2,105)
Other financing activities, net (610) (113)
Net cash provided by/(used in) financing activities (2,807) (2,200)
Effect of exchange-rate changes on cash and cash equivalents and restricted cash and cash equivalents 0 (15)
Net increase/(decrease) in cash and cash equivalents and restricted cash and cash equivalents (15) 846
Cash and cash equivalents and restricted cash and cash equivalents, at beginning of period 1,825 1,350
Cash and cash equivalents and restricted cash and cash equivalents, at end of period 1,809 2,196
Cash paid (received) during the period for:    
Income taxes 394 239
Interest paid 445 472
Interest rate hedges $ 10 $ (11)