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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Dec. 31, 2023
Operating Activities          
Net income before allocation to noncontrolling interests $ 48 $ 2,338 $ 3,171 $ 7,894  
Discontinued operations––net of tax 17 (2) 12 (1)  
Net income from continuing operations before allocation to noncontrolling interests 31 2,340 3,159 7,895  
Adjustments to reconcile net income from continuing operations before allocation to noncontrolling interests to net cash provided by/(used in) operating activities:          
Depreciation and amortization     3,467 3,060  
Asset write-offs and impairments     431 327  
Deferred taxes     (1,224) (1,471)  
Share-based compensation expense     426 253  
Benefit plan contributions in excess of expense/income     (338) (322)  
Other adjustments, net     260 (317)  
Other changes in assets and liabilities, net of acquisitions and divestitures     (6,871) (9,423)  
Net cash provided by/(used in) operating activities     (691) 4  
Investing Activities          
Purchases of property, plant and equipment     (1,341) (2,053)  
Purchases of short-term investments     (1,254) (21,006)  
Proceeds from redemptions/sales of short-term investments     1,712 12,594  
Net (purchases of)/proceeds from redemptions/sales of short-term investments with original maturities of three months or less     3,538 (11,217)  
Purchases of long-term investments     (108) (92)  
Proceeds from redemptions/sales of long-term investments     312 172  
Proceeds from partial sale of investment in Haleon [1]     3,491 0  
Acquisition of business, net of cash acquired     0 (25)  
Other investing activities, net     (18) (543)  
Net cash provided by/(used in) investing activities     6,332 (22,170)  
Financing Activities          
Proceeds from short-term borrowings     6,014 14  
Payments on short-term borrowings     (4,852) 0  
Net (payments on)/proceeds from short-term borrowings with original maturities of three months or less     (1,101) 22  
Proceeds from issuance of long-term debt     0 30,831  
Payments on long-term debt     (2,250) (1,269)  
Cash dividends paid     (4,752) (4,618)  
Other financing activities, net     (449) (576)  
Net cash provided by/(used in) financing activities     (7,390) 24,403  
Effect of exchange-rate changes on cash and cash equivalents and restricted cash and cash equivalents     (46) (7)  
Net increase/(decrease) in cash and cash equivalents and restricted cash and cash equivalents     (1,794) 2,229  
Cash and cash equivalents and restricted cash and cash equivalents, at beginning of period     2,917 468 $ 468
Cash and cash equivalents and restricted cash and cash equivalents, at end of period $ 1,123 $ 2,698 1,123 2,698 2,917
Cash paid/(received) during the period for:          
Income taxes     2,686 2,025 $ 3,100
Interest paid     1,553 821  
Interest rate hedges     $ (2) $ 31  
[1] See Note 2B.