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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Operating Activities      
Net income $ 1,344 $ 1,254 $ 700
Adjustments to reconcile net income to operating cash flows      
Depreciation and amortization 516 [1] 481 517
Postretirement benefit plan expense (benefit) 170 (427) 198
Deferred income taxes 46 (58) (24)
Stock compensation 59 66 63
Venezuela deconsolidation 0 0 72
Venezuela remeasurement 0 0 11
Gain from unconsolidated entities, net (200) 0 0
Noncurrent income taxes payable (23) 144 (12)
Other (40) 27 82
Postretirement benefit plan contributions (287) (44) (33)
Changes in operating assets and liabilities, net of acquisitions:      
Trade receivables 76 (1,300) (480)
Inventories (86) 80 7
Accounts payable 115 193 124
All other current assets and liabilities (154) (13) 46
Net cash provided by (used in) operating activities 1,536 403 1,271
Investing activities      
Additions to properties (578) (501) (507)
Collections of deferred purchase price on securitized trade receivables 0 1,243 501
Acquisitions, net of cash acquired (28) (592) (398)
Reduction of cash due to Venezuela deconsolidation 0 0 (2)
Investments in unconsolidated entities (389) 0 27
Acquisition of cost method investments (8) (7) (2)
Other 55 6 (11)
Net cash provided by (used in) investing activities (948) 149 (392)
Financing activities      
Net increase (reduction) of notes payable, with maturities less than or equal to 90 days (264) 153 (918)
Issuances of notes payable, with maturities greater than 90 days 62 17 1,961
Reductions of notes payable, with maturities greater than 90 days (23) (238) (1,831)
Issuances of long-term debt 993 1,251 2,657
Reductions of long-term debt (408) (632) (1,737)
Debt extinguishment costs 0 0 (144)
Net issuances of common stock 167 97 368
Common stock repurchases (320) (516) (426)
Cash dividends (762) (736) (716)
Other (11) 0 0
Net cash provided by (used in) financing activities (566) (604) (786)
Effect of exchange rate changes on cash and cash equivalents 18 53 (64)
Increase (decrease) in cash and cash equivalents 40 1 29
Cash and cash equivalents at beginning of period 281 280 251
Cash and cash equivalents at end of period 321 281 280
Supplemental cash flow disclosures:      
Interest paid 280 258 405
Income taxes paid 188 352 256
Supplemental cash flow disclosures of non-cash investing activities:      
Beneficial interests obtained in exchange for securitized trade receivables 0 1,222 538
Additions to properties included in accounts payable $ 162 $ 151 $ 161
[1] Includes asset impairment charges as discussed in Note 14.