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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Operating activities    
Net income $ 659 $ 707
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 194 175
Deferred income taxes (38) (1)
Other 34 25
Postretirement benefit plan contributions (32) (183)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (69) (285)
Inventories (2) 39
Accounts payable 32 59
Accrued income taxes (21) 122
Accrued interest expense (1) (18)
Accrued and prepaid advertising, promotion and trade allowances 48 6
Accrued salaries and wages (27) 51
All other current assets and liabilities (97) (51)
Net cash provided by operating activities 680 646
Investing activities    
Additions to properties (155) (243)
Acquisitions, net of cash acquired (2,674) 0
Other 6 5
Net cash used in investing activities (2,823) (238)
Financing activities    
Net issuances of notes payable 500 687
Issuances of long-term debt 1,727 397
Reductions of long-term debt 0 (946)
Net issuances of common stock 65 249
Common stock repurchases (63) (518)
Cash dividends (306) (296)
Other (3) 10
Net cash provided by (used in) financing activities 1,920 (417)
Effect of exchange rate changes on cash and cash equivalents (7) 22
Increase (Decrease) in cash and cash equivalents (230) 13
Cash and cash equivalents at beginning of period 460 [1] 444
Cash and cash equivalents at end of period $ 230 $ 457
[1] * Condensed from audited financial statements.