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Consolidated Statements Of Cash Flows - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 3,646 $ 3,008 $ 2,651
Less: earnings from discontinued operations, net of income taxes 0 576 245
Net earnings from continuing operations 3,646 2,432 2,406
Noncash items:      
Depreciation 637 564 562
Amortization of intangible assets 1,138 625 616
Amortization of acquisition-related inventory fair value step-up 457 0 0
Stock-based compensation expense 187 159 138
Pretax gain on sale of product lines (455) 0 0
Change in deferred income taxes 518 (415) (252)
Change in trade accounts receivable, net (264) (157) (55)
Change in inventories (123) (22) (134)
Change in trade accounts payable 227 18 229
Change in prepaid expenses and other assets 102 48 78
Change in accrued expenses and other liabilities 145 405 56
Total operating cash provided by continuing operations 6,215 3,657 3,644
Total operating cash (used in) provided by discontinued operations (7) 295 378
Net cash provided by operating activities 6,208 3,952 4,022
Cash flows from investing activities:      
Cash paid for acquisitions (20,971) (331) (2,173)
Payments for additions to property, plant and equipment (791) (636) (584)
Proceeds from sales of property, plant and equipment 2 13 6
Payments for purchases of investments (342) (241) (146)
Proceeds from sales of investments 13 0 22
Proceeds from sale of product lines 826 0 0
All other investing activities 24 29 1
Total investing cash used in continuing operations (21,239) (1,166) (2,874)
Total investing cash used in discontinued operations 0 (72) (75)
Net cash used in investing activities (21,239) (1,238) (2,949)
Cash flows from financing activities:      
Proceeds from the issuance of common stock in connection with stock-based compensation 153 130 96
Proceeds from the public offering of common stock, net of issuance costs 1,729 1,443 0
Proceeds from the public offering of preferred stock, net of issuance costs 1,668 1,600 0
Net proceeds from the sale of Envista Holdings Corporation common stock, net of issuance costs 0 643 0
Payment of dividends (615) (527) (433)
Net (repayments of) proceeds from borrowings (maturities of 90 days or less) (4,637) 2,802 66
Proceeds from borrowings (maturities longer than 90 days) 8,670 12,113 0
Repayments of borrowings (maturities longer than 90 days) (5,933) (1,565) (508)
Make-whole premiums to redeem borrowings prior to maturity (26) (7) 0
All other financing activities (3) (43) (18)
Total financing cash provided by (used in) continuing operations 1,006 16,589 (797)
Cash distributions to Envista Holdings Corporation, net 0 (224) 0
Net cash provided by (used in) financing activities 1,006 16,365 (797)
Effect of exchange rate changes on cash and equivalents 148 45 (118)
Net change in cash and equivalents (13,877) 19,124 158
Beginning balance of cash and equivalents 19,912 788 630
Ending balance of cash and equivalents 6,035 19,912 788
Supplemental disclosure:      
Shares redeemed through the split-off of Envista Holdings Corporation $ 0 $ 3,452 $ 0
Shares held as Treasury shares 22.9