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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Cash flows from operating activities – continuing operations:    
Net earnings $ 1,474 $ 1,496
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation of property, plant and equipment 297 278
Amortization of intangible and finance lease right-of-use assets 136 147
Equity-based compensation expense 87 120
Deferred income tax benefit (154) (218)
(Increase) decrease in assets, net of effects of business acquisitions:    
Accounts receivable (159) (172)
Unbilled receivables 513 695
Inventories (1,264) (816)
Increase (decrease) in liabilities, net of effects of business acquisitions:    
Accounts payable (33) (29)
Customer advances and deposits 1,286 1,402
Other, net 10 (276)
Net cash provided by operating activities 2,193 2,627
Cash flows from investing activities:    
Capital expenditures (373) (365)
Other, net (31) 0
Net cash used by investing activities (404) (365)
Cash flows from financing activities:    
Repayment of notes (750) 0
Dividends paid (705) (679)
Purchases of common stock (378) (1,094)
Other, net (42) 110
Net cash used by financing activities (1,875) (1,663)
Net cash (used) provided by discontinued operations (2) 21
Net (decrease) increase in cash and equivalents (88) 620
Cash and equivalents at beginning of period 1,242 1,603
Cash and equivalents at end of period 1,154 2,223
Supplemental cash flow information:    
Income tax payments, net (327) (565)
Interest payments $ (195) $ (191)