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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 9,356 $ 8,321
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 3,466 3,463
Stock based compensation 572 580
Asset write-downs 989 27
Net gain on sale of assets/businesses (2,079) (443)
Deferred tax provision (694) (285)
Accounts receivable allowances 1 (16)
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (336) (989)
Increase in inventories (423) (491)
Decrease in accounts payable and accrued liabilities (444) (49)
Increase in other current and non-current assets (862) (267)
Decrease in other current and non-current liabilities (55) (166)
NET CASH FLOWS FROM OPERATING ACTIVITIES 9,491 9,685
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (1,493) (1,533)
Proceeds from the disposal of assets/businesses, net 3,018 870
Acquisitions, net of cash acquired (5,346) (222)
Purchases of investments (1,517) (951)
Sales of investments 2,132 743
Other 1 (33)
NET CASH USED BY INVESTING ACTIVITIES (3,205) (1,126)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to shareholders (4,918) (4,668)
Repurchase of common stock (4,692) (1,589)
Proceeds from short-term debt 15 27
Retirement of short-term debt (12) (2,433)
Proceeds from long-term debt, net of issuance costs 1 3
Retirement of long-term debt (1,005) (9)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 463 162
Other 98 (137)
NET CASH USED BY FINANCING ACTIVITIES (10,050) (8,644)
Effect of exchange rate changes on cash and cash equivalents 33 (170)
Decrease in cash and cash equivalents (3,731) (255)
Cash and Cash equivalents, beginning of period 18,107 17,824
CASH AND CASH EQUIVALENTS, END OF PERIOD 14,376 17,569
Acquisitions    
Fair value of assets acquired 6,744 334
Fair value of liabilities assumed and noncontrolling interests (1,398) (112)
Net cash paid for acquisitions $ 5,346 $ 222