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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Apr. 01, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 3,749 $ 4,367
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 1,761 1,746
Stock based compensation 258 268
Asset write-downs 913 0
Net gain on sale of assets (72) 0
Deferred tax provision (362) 44
Accounts receivable allowances (3) (20)
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Decrease/(Increase) in accounts receivable 157 (479)
Increase in inventories (369) (322)
Decrease in accounts payable and accrued liabilities (1,833) (1,686)
Increase in other current and non-current assets (488) (907)
(Decrease)/Increase in other current and non-current liabilities (168) 595
NET CASH FLOWS FROM OPERATING ACTIVITIES 3,543 3,606
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (656) (658)
Proceeds from the disposal of assets/businesses, net 253 20
Acquisitions, net of cash acquired (1,683) (82)
Purchases of investments (730) (548)
Sales of investments 1,495 341
Other (96) 2
NET CASH USED BY INVESTING ACTIVITIES (1,417) (925)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to shareholders (2,396) (2,253)
Repurchase of common stock (2,206) (1,444)
Proceeds from short-term debt 13 26
Retirement of short-term debt (16) (2,484)
Proceeds from long-term debt, net of issuance costs 0 2
Retirement of long-term debt (1,002) (8)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 94 66
Other (3) 125
NET CASH USED BY FINANCING ACTIVITIES (5,516) (5,970)
Effect of exchange rate changes on cash and cash equivalents 17 104
Decrease in cash and cash equivalents (3,373) (3,185)
Cash and Cash equivalents, beginning of period 18,107 17,824
CASH AND CASH EQUIVALENTS, END OF PERIOD 14,734 14,639
Acquisitions    
Fair value of assets acquired 2,154 119
Fair value of liabilities assumed and noncontrolling interests (471) (37)
Net cash paid for acquisitions $ 1,683 $ 82