XML 58 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 1,198 $ 1,061 $ 1,842
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of acquisition-related intangibles 779 605 627
Depreciation and other amortization 387 333 340
Share-based compensation 89 109 129
Share-based matching contributions under defined contribution plans 231 216 219
Pension and other postretirement benefit plan income (275) (395) (375)
Impairment of goodwill and other assets 374 802 244
Asset group and business divestiture-related losses (gains), net 51 (8) (220)
Deferred income taxes (423) (596) (114)
(Increase) decrease in:      
Receivables, net 124 (210) 217
Contract assets 62 23 (820)
Inventories (182) (310) (68)
Other current assets (55) 13 23
Increase (decrease) in:      
Accounts payable 87 180 430
Contract liabilities 195 121 178
Compensation and benefits 38 (45) (44)
Other accrued items (88) (181) 20
Income taxes (333) 499 190
Other operating activities (163) (59) (131)
Net cash provided by operating activities 2,096 2,158 2,687
Investing Activities      
Net cash paid for acquired businesses (6,688) 0 0
Additions to property, plant and equipment (449) (252) (342)
Proceeds from sale of property, plant and equipment, net 56 14 7
Proceeds from sales of asset groups and businesses, net 71 23 1,729
Other investing activities (11) (35) 0
Net cash (used in) provided by investing activities (7,021) (250) 1,394
Financing Activities      
Proceeds from borrowings, net of issuance cost 7,568 4 6
Repayments of borrowings (3,170) (14) (13)
Change in commercial paper, net [1] 1,599 0 0
Proceeds from exercises of employee stock options 24 57 97
Repurchases of common stock (518) (1,083) (3,675)
Cash dividends (868) (864) (817)
Other financing activities (41) (51) (11)
Net cash provided by (used in) financing activities 4,594 (1,951) (4,413)
Effect of exchange rate changes on cash and cash equivalents 11 (18) (3)
Net decrease in cash and cash equivalents (320) (61) (335)
Cash and cash equivalents, beginning of period 880 941 1,276
Cash and cash equivalents, end of period $ 560 $ 880 $ 941
[1] See Note 8: Debt and Credit Arrangements in the Notes to the Consolidated Financial Statements.