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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income/(loss) $ 2,368 $ 1,024 $ 361
Adjustments to reconcile net income/(loss) to operating cash flows:      
Depreciation and amortization 933 910 969
Amortization of postemployment benefit plans prior service costs/(credits) (14) (7) (122)
Divestiture-related license income (56) (4) 0
Equity award compensation expense 148 197 156
Deferred income tax provision/(benefit) (278) (1,042) (343)
Postemployment benefit plan contributions (23) (27) (27)
Goodwill and intangible asset impairment losses 913 1,634 3,399
Nonmonetary currency devaluation 17 0 6
Loss/(gain) on sale of business (25) (44) 2
Proceeds from sale of license 0 1,587 0
Loss/(gain) on extinguishment of debt (38) 917 124
Other items, net 7 (187) (54)
Changes in current assets and liabilities:      
Trade receivables (228) 87 (26)
Inventories (1,121) (144) (249)
Accounts payable 152 408 207
Other current assets (314) (32) 40
Other current liabilities 28 87 486
Net cash provided by/(used for) operating activities 2,469 5,364 4,929
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (916) (905) (596)
Payments to acquire business, net of cash acquired (481) (74) 0
Settlement of net investment hedges 208 (28) 25
Proceeds from sale of business, net of cash disposed and working capital adjustments 88 5,014 0
Other investing activities, net 10 31 49
Net cash provided by/(used for) investing activities (1,091) 4,038 (522)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of long-term debt (1,465) (6,202) (4,697)
Proceeds from issuance of long-term debt 0 0 3,500
Debt prepayment and extinguishment benefit/(costs) 10 (924) (116)
Proceeds from revolving credit facility 0 0 4,000
Repayments of revolving credit facility 0 0 (4,000)
Proceeds from issuance of commercial paper 228 0 0
Repayments of commercial paper (228) 0 0
Dividends paid (1,960) (1,959) (1,958)
Other financing activities, net (299) (259) (60)
Net cash provided by/(used for) financing activities (3,714) (9,344) (3,331)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (69) (30) 62
Cash, cash equivalents, and restricted cash      
Net increase/(decrease) (2,405) 28 1,138
Balance at beginning of period 3,446 3,418 2,280
Balance at end of period 1,041 3,446 3,418
CASH PAID DURING THE PERIOD FOR:      
Interest 937 1,196 1,286
Income taxes, net of refunds $ 1,260 $ 1,295 $ 1,027