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v3.20.1

Consolidated Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 29, 2020 | Mar. 31, 2019
Operating activities |  |
Net earnings | $ 1,717 | $ 1,704
Adjustments to reconcile net earnings to net cash provided by operating activities |  |
Depreciation and amortization | 301 | 277
Stock-based compensation | 42 | 37
Gain on property sale | 0 | (51)
Changes in assets and liabilities |  |
Receivables, net | (555) | (389)
Contract assets | (1,095) | (1,025)
Inventories | 80 | (288)
Accounts payable | 1,894 | 744
Contract liabilities | 151 | 305
Postretirement benefit plans | (39) | 278
Income taxes | 167 | 243
Other, net | (349) | (172)
Net cash provided by operating activities | 2,314 | 1,663
Investing activities |  |
Capital expenditures | (293) | (284)
Other, net | (2) | 27
Net cash used for investing activities | (295) | (257)
Financing activities |  |
Dividends paid | (693) | (638)
Repurchases of common stock | (756) | (281)
Repayments of commercial paper, net | 0 | (200)
Other, net | (96) | (68)
Net cash used for financing activities | (1,545) | (1,187)
Net change in cash and cash equivalents | 474 | 219
Cash and cash equivalents at beginning of period | 1,514 | 772
Cash and cash equivalents at end of period | $ 1,988 | $ 991

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