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v3.7.0.1

Consolidated Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 26, 2017 | Mar. 27, 2016
Operating activities |  |
Net earnings | $ 763 | $ 898
Adjustments to reconcile net earnings to net cash provided by operating activities |  |
Depreciation and amortization | 285 | 296
Stock-based compensation | 44 | 44
Severance charges |  | 99
Changes in assets and liabilities |  |
Receivables, net | (667) | (558)
Inventories, net | (404) | (310)
Accounts payable | 1,111 | 751
Customer advances and amounts in excess of costs incurred | (204) | (146)
Postretirement benefit plans | 345 | 246
Income taxes | 175 | 225
Other, net | 218 | 122
Net cash provided by operating activities | 1,666 | 1,667
Investing activities |  |
Capital expenditures | (170) | (151)
Other, net | 4 | 4
Net cash used for investing activities | (166) | (147)
Financing activities |  |
Repurchases of common stock | (500) | (501)
Dividends paid | (544) | (533)
Proceeds from stock option exercises | 31 | 28
Other, net | (108) | (152)
Net cash used for financing activities | (1,121) | (1,158)
Net change in cash and cash equivalents | 379 | 362
Cash and cash equivalents at beginning of period | 1,837 | 1,090
Cash and cash equivalents at end of period | $ 2,216 | $ 1,452

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3044-108585 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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