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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income/(loss) $ 1,024 $ 361 $ 1,933
Adjustments to reconcile net income/(loss) to operating cash flows:      
Depreciation and amortization 910 969 994
Amortization of postemployment benefit plans prior service costs/(credits) (7) (122) (306)
Divestiture-related license income (4) 0 0
Equity award compensation expense 197 156 46
Deferred income tax provision/(benefit) (1,042) (343) (293)
Postemployment benefit plan contributions (27) (27) (32)
Goodwill and intangible asset impairment losses 1,634 3,399 1,899
Nonmonetary currency devaluation 0 6 10
Loss/(gain) on sale of business (44) 2 (420)
Proceeds from sale of license 1,587 0 0
Loss on extinguishment of debt 917 124 98
Other items, net (187) (54) (142)
Changes in current assets and liabilities:      
Trade receivables 87 (26) 140
Inventories (144) (249) (307)
Accounts payable 408 207 (58)
Other current assets (32) 40 80
Other current liabilities 87 486 (90)
Net cash provided by/(used for) operating activities 5,364 4,929 3,552
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (905) (596) (768)
Payments to acquire business, net of cash acquired (74) 0 (199)
Settlement of net investment hedges (28) 25 590
Proceeds from sale of business, net of cash disposed 5,014 0 1,875
Other investing activities, net 31 49 13
Net cash provided by/(used for) investing activities 4,038 (522) 1,511
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of long-term debt (6,202) (4,697) (4,795)
Proceeds from issuance of long-term debt 0 3,500 2,967
Debt prepayment and extinguishment costs (924) (116) (99)
Proceeds from revolving credit facility 0 4,000 0
Repayments of revolving credit facility 0 4,000 0
Proceeds from issuance of commercial paper 0 0 557
Repayments of commercial paper 0 0 (557)
Dividends paid 1,959 1,958 1,953
Other financing activities, net (259) (60) (33)
Net cash provided by/(used for) financing activities (9,344) (3,331) (3,913)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (30) 62 (6)
Cash, cash equivalents, and restricted cash      
Net increase/(decrease) 28 1,138 1,144
Balance at beginning of period 3,418 2,280 1,136
Balance at end of period 3,446 3,418 2,280
CASH PAID DURING THE PERIOD FOR:      
Interest paid during the period 1,196 1,286 1,306
Income taxes paid, net during the period $ 1,295 $ 1,027 $ 974