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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 11, 2016
Jun. 13, 2015
Operating Activities    
Net income $ 2,958 $ 3,225
Depreciation and amortization 1,044 1,075
Share-based compensation expense 123 144
Restructuring and impairment charges 79 61
Cash payments for restructuring charges (67) (107)
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi) 373 0
Excess tax benefits from share-based payment arrangements (84) (78)
Pension and retiree medical plan expenses 124 215
Pension and retiree medical plan contributions (155) (117)
Deferred income taxes and other tax charges and credits 119 42
Accounts and notes receivable (1,049) (1,309)
Inventories (755) (862)
Prepaid expenses and other current assets (202) (264)
Accounts payable and other current liabilities (73) 197
Income taxes payable 704 648
Other, net (218) (109)
Net Cash Provided by Operating Activities 2,921 2,761
Investing Activities    
Capital spending (919) (832)
Sales of property, plant and equipment 47 26
Acquisitions and investments in noncontrolled affiliates (4) (16)
Divestitures 75 74
More than three months - purchases (4,604) (1,675)
More than three months - maturities 3,786 2,269
Three months or less, net 10 (1)
Other investing, net 1 (3)
Net Cash Used for Investing Activities (1,608) (158)
Financing Activities    
Proceeds from issuances of long-term debt 2,532 2,487
Payments of long-term debt (3,083) (2,054)
Short-term borrowings, by original maturity    
More than three months - proceeds 35 12
More than three months - payments (11) (5)
Three months or less, net 2,795 2,240
Cash dividends paid (2,060) (1,973)
Share repurchases - common (1,329) (2,130)
Share repurchases - preferred (2) (2)
Proceeds from exercises of stock options 293 250
Excess tax benefits from share-based payment arrangements 84 78
Other financing (4) (2)
Net Cash Provided by/(Used for) Financing Activities (750) (1,099)
Effect of exchange rate changes on cash and cash equivalents (13) (76)
Net (Decrease)/Increase in Cash and Cash Equivalents 550 1,428
Cash and Cash Equivalents, Beginning of Year 9,096 6,134
Cash and Cash Equivalents, End of Period $ 9,646 $ 7,562