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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 13, 2015
Jun. 14, 2014
Operating Activities    
Net income $ 3,225 $ 3,214
Depreciation and amortization 1,075 1,162
Stock-based compensation expense 144 140
Restructuring and impairment charges 61 190
Payments for Restructuring (107) (112)
Excess tax benefits from share-based payment arrangements (78) (64)
Pension and retiree medical plan expenses 215 243
Pension and retiree medical plan contributions (117) (155)
Deferred income taxes and other tax charges and credits 42 35
Change in accounts and notes receivable (1,309) (1,554)
Change in inventories (862) (822)
Change in prepaid expenses and other current assets (264) (152)
Change in accounts payable and other current liabilities 197 120
Change in income taxes payable 648 636
Other, net (109) (209)
Net Cash Provided by Operating Activities 2,761 2,672
Investing Activities    
Capital spending (832) (921)
Sales of property, plant and equipment 26 42
Acquisitions and investments in noncontrolled affiliates (16) (31)
Divestitures 74 123
Payments for (Proceeds from) Short-term investments - More Than Three Months (1,675) (3,498)
Payments for (Proceeds from) Short-Term Investments - Maturities 2,269 0
More than three months - purchases (1) 118
Other investing, net (3) 5
Net Cash Used for Investing Activities (158) (4,162)
Financing Activities    
Proceeds from issuances of long-term debt 2,487 3,364
Payments of long-term debt (2,054) (1,655)
Short-term borrowings, by original maturity    
More than three months - proceeds 12 1
More than three months - payments (5) (9)
Three months or less, net 2,240 1,556
Cash dividends paid (1,973) (1,752)
Share repurchases - common (2,130) (2,199)
Share repurchases - preferred (2) (3)
Proceeds from exercises of stock options 250 381
Excess tax benefits from share-based payment arrangements 78 64
Other financing (2) (3)
Net Cash Used for Financing Activities (1,099) (255)
Effect of exchange rate changes on cash and cash equivalents (76) (23)
Net Increase/(Decrease) in Cash and Cash Equivalents 1,428 (1,768)
Cash and Cash Equivalents, Beginning of Year 6,134 9,375
Cash and Cash Equivalents, End of Period $ 7,562 $ 7,607