XML 44 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
OPERATING ACTIVITIES    
Net earnings before noncontrolling interest $ 538 $ 485
Adjustments to reconcile net earnings before noncontrolling interest to net cash from operating activities:    
Depreciation of property, plant and equipment 108 110
Amortization of intangible assets 48 42
Stock-based compensation 37 34
Deferred income taxes (17) 4
Other, net (67) 8
Changes in operating assets and liabilities, net of business combinations:    
Accounts receivable (87) (14)
Inventories (53) (93)
Other current and noncurrent assets (11) 15
Accounts payable and accrued expenses (35) (48)
Income taxes payable (20) 21
Net cash provided by operating activities 441 564
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (80) (91)
Proceeds from sale of investments 8 4
Other investing activities, net (4) 0
Net cash used in investing activities (76) (87)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options and stock issued, net 89 78
Excess tax benefits from stock issued under employee stock plans 14 12
Common stock repurchased, including related costs (500) (476)
Dividends paid (158) (149)
Issuances (payments) of commercial paper borrowings, net 460 622
Borrowings under debt facilities 175 0
Payments under debt facilities (750) 0
Purchase of shares from noncontrolling interest (173) (344)
Other financing activities, net (15) (12)
Net cash used in financing activities (858) (269)
Effect of currency exchange rate changes on cash and cash equivalents (39) (1)
Net increase (decrease) in cash and cash equivalents (532) 207
Cash and cash equivalents at beginning of period 1,442 1,373
Cash and cash equivalents at end of period $ 910 $ 1,580