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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Operating Activities    
Net income before allocation to noncontrolling interests $ 9,452 $ 7,644
Discontinued operations––net of tax 25 4
Net income from continuing operations before allocation to noncontrolling interests 9,427 7,640
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 [1] 4,905 5,222
Asset write-offs and impairments 864 1,080
Deferred taxes (1,700) (1,706)
Share-based compensation expense 574 700
Benefit plan contributions in excess of expense/income (418) (466)
Other adjustments, net (353) (455)
Other changes in assets and liabilities, net of acquisitions and divestitures (6,944) (5,992)
Net cash provided by/(used in) operating activities 6,356 6,023
Investing Activities    
Purchases of property, plant and equipment (1,784) (1,992)
Purchases of short-term investments (10,308) (3,957)
Proceeds from redemptions/sales of short-term investments 13,236 2,630
Net (purchases of)/proceeds from redemptions/sales of short-term investments with original maturities of three months or less (3,251) 2,649
Purchases of long-term investments (215) (75)
Proceeds from redemptions/sales of long-term investments 504 1,541
Proceeds from sale of investment in Haleon [2] 6,311 3,491
Other investing activities, net 302 (13)
Net cash provided by/(used in) investing activities 4,795 4,275
Financing Activities    
Proceeds from short-term borrowings 0 8,175
Payments on short-term borrowings (2,199) (7,774)
Net (payments on)/proceeds from short-term borrowings with original maturities of three months or less (897) (2,590)
Proceeds from issuance of long-term debt 3,687 0
Payments on long-term debt (3,750) (2,250)
Cash dividends paid (7,326) (7,132)
Other financing activities, net (415) (455)
Net cash provided by/(used in) financing activities (10,900) (12,026)
Effect of exchange-rate changes on cash and cash equivalents and restricted cash and cash equivalents 36 (37)
Net increase/(decrease) in cash and cash equivalents and restricted cash and cash equivalents 287 (1,765)
Cash and cash equivalents and restricted cash and cash equivalents, at beginning of period 1,107 2,917
Cash and cash equivalents and restricted cash and cash equivalents, at end of period 1,394 1,152
Cash paid during the period for:    
Income taxes 3,671 3,172
Interest paid 1,758 1,833
Interest rate hedges $ 95 $ 31
[1] Certain production facilities are shared. Depreciation is allocated based on estimates of physical production.
[2] See Note 7A.