XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 23, 2013
Mar. 24, 2012
Operating Activities    
Net income $ 1,085 $ 1,133
Depreciation and amortization 551 555
Stock-based compensation expense 77 56
Merger and integration charges 1 2
Cash payments for merger and integration charges (11) (20)
Restructuring and impairment charges 11 33
Cash payments for restructuring charges (30) (44)
Cash payments for restructuring and other charges related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi) (1)   
Non-cash foreign exchange loss related to Venezuela devaluation 111   
Excess tax benefits from share-based payment arrangements (36) (35)
Pension and retiree medical plan contributions (87) (1,100)
Pension and retiree medical plan expenses 149 129
Deferred income taxes and other tax charges and credits (23) 120
Change in accounts and notes receivable (175) (71)
Change in inventories (351) (266)
Change in prepaid expenses and other current assets (201) (197)
Change in accounts payable and other current liabilities (578) (960)
Change in income taxes payable 244 90
Other, net (34) (115)
Net Cash Provided by/(Used for) Operating Activities 702 (690)
Investing Activities    
Capital spending (303) (316)
Sales of property, plant and equipment 8 17
Acquisitions and investments in noncontrolled affiliates (30) (32)
Divestitures    9
Short-term investments, by original maturity - three months or less, net 40 52
Other investing, net    13
Net Cash Used for Investing Activities (285) (257)
Financing Activities    
Proceeds from issuances of long-term debt 2,491 2,733
Payments of long-term debt (1,190) (9)
Short-term borrowings, by original maturity    
More than three months – proceeds 5 13
More than three months – proceeds (464) (107)
Three months or less, net 306 (1,696)
Cash dividends paid (831) (816)
Share repurchases – common (626) (142)
Share repurchases – preferred (2) (1)
Proceeds from exercises of stock options 449 274
Excess tax benefits from share-based payment arrangements 36 35
Other financing (1) (1)
Net Cash Provided by Financing Activities 173 283
Effect of exchange rate changes on cash and cash equivalents (172) 82
Net Increase/(Decrease) in Cash and Cash Equivalents 418 (582)
Cash and Cash Equivalents, Beginning of Year 6,297 4,067
Cash and Cash Equivalents, End of Period $ 6,715 $ 3,485