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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Apr. 02, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 3,255 $ (68)
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 1,815 1,880
Stock based compensation 302 306
Asset write-downs 185 426
Net gain on sale of assets/businesses 0 (8)
Deferred tax provision (1,562) (1,543)
Credit losses and accounts receivable allowances 0 1
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (279) (54)
Increase in inventories (348) (524)
Decrease in accounts payable and accrued liabilities (2,483) (2,572)
Decrease/(Increase) in other current and non-current assets 3,199 (915)
(Decrease)/Increase in other current and non-current liabilities (427) 6,328
Net cash flows from operating activities 3,657 3,257
Cash flows from investing activities    
Additions to property, plant and equipment (807) (863)
Proceeds from the disposal of assets/businesses, net (Note 10) 210 40
Acquisitions, net of cash acquired (Note 10) (1,811) 0
Purchases of investments (630) (3,774)
Sales of investments 979 7,766
Credit support agreements activity, net 1,600 158
Other (including capitalized licenses and milestones) (5) (12)
Net cash (used by)/ from investing activities (464) 3,315
Cash flows from financing activities    
Dividends to shareholders (2,869) (2,942)
Repurchase of common stock (1,475) (3,537)
Proceeds from short-term debt 5,263 11,094
Repayment of short-term debt (890) (5,388)
Proceeds from long-term debt, net of issuance costs 2 7,674
Repayment of long-term debt (1) (500)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 195 (11)
Credit support agreements activity, net 228 (13)
Other 93 (239)
Net cash flows from financing activities 546 6,138
Effect of exchange rate changes on cash and cash equivalents (125) 28
Increase in cash, cash equivalents and restricted cash 3,614 12,738
Cash and cash equivalents from continuing operations, beginning of period 21,859 12,889
Cash and cash equivalents from discontinued operations, beginning of period 0 1,238
Cash and Cash equivalents beginning of period 21,859 14,127
Cash and cash equivalents from continuing operations, end of period 25,473 25,188
Cash and cash equivalents from discontinued operations, end of period 0 1,677
Cash, cash equivalents and restricted cash, end of period 25,473 26,865
Acquisitions    
Fair value of assets acquired 1,899 0
Fair value of liabilities assumed (88) 0
Net cash paid for acquisitions $ 1,811 $ 0