XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Operating activities    
Net income $ 285 $ 444
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 124 122
Postretirement benefit plan expense (benefit) (38) (47)
Deferred income taxes 7 (1)
Stock compensation 13 16
Other (8) (30)
Postretirement benefit plan contributions (5) (19)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (229) (175)
Inventories 12 13
Accounts payable (16) (4)
All other current assets and liabilities (75) (91)
Net cash provided by (used in) operating activities 70 228
Investing activities    
Additions to properties (148) (132)
Purchases of available for sale securities (7) 0
Sales of available for sale securities 7 0
Other (15) 1
Net cash provided by (used in) investing activities (163) (131)
Financing activities    
Net issuances (reductions) of notes payable 429 99
Net issuances of common stock 7 50
Common stock repurchases (220) 0
Cash dividends (192) (187)
Net cash provided by (used in) financing activities 24 (38)
Effect of exchange rate changes on cash and cash equivalents 20 30
Increase (decrease) in cash and cash equivalents (49) 89
Cash and cash equivalents at beginning of period 321 281
Cash and cash equivalents at end of period 272 370
Supplemental cash flow disclosures    
Interest paid 8 14
Income taxes paid 79 31
Supplemental cash flow disclosures of non-cash investing activities    
Additions to properties included in accounts payable $ 122 $ 92