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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Cash flows from operating activities - continuing operations:    
Net earnings $ 1,496 $ 1,445
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation of property, plant and equipment 278 280
Amortization of intangible and finance lease right-of-use assets 147 159
Equity-based compensation expense 120 72
Deferred income tax benefit (218) (37)
(Increase) decrease in assets, net of effects of business acquisitions:    
Accounts receivable (172) (94)
Unbilled receivables 695 134
Inventories (816) (58)
Increase (decrease) in liabilities, net of effects of business acquisitions:    
Accounts payable (29) (364)
Customer advances and deposits 1,402 (226)
Other, net (276) (193)
Net cash provided by operating activities 2,627 1,118
Cash flows from investing activities:    
Capital expenditures (365) (306)
Other, net 0 (2)
Net cash used by investing activities (365) (308)
Cash flows from financing activities:    
Purchases of common stock (1,094) (1,352)
Dividends paid (679) (651)
Proceeds from commercial paper, gross (maturities greater than 3 months) 0 1,997
Proceeds from fixed-rate notes 0 1,497
Other, net 110 338
Net cash used by financing activities (1,663) (671)
Net cash provided (used) by discontinued operations 21 (13)
Net increase in cash and equivalents 620 126
Cash and equivalents at beginning of period 1,603 2,824
Cash and equivalents at end of period 2,223 2,950
Supplemental cash flow information:    
Income tax payments, net (565) (245)
Interest payments (191) (228)
Repayment of fixed-rate notes    
Cash flows from financing activities:    
Repayments of Long-term Debt 0 (2,000)
Repayment of floating-rate notes    
Cash flows from financing activities:    
Repayments of Long-term Debt $ 0 $ (500)