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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 17, 2017
Jun. 11, 2016
Operating Activities    
Net income $ 3,447 $ 2,958
Depreciation and amortization 1,031 1,044
Share-based compensation expense 143 123
Restructuring and impairment charges 61 79
Cash payments for restructuring charges (25) (67)
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi) 0 373
Pension and retiree medical plan expenses 92 124
Pension and retiree medical plan contributions (131) (155)
Deferred income taxes and other tax charges and credits 130 119
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (733) (1,049)
Inventories (826) (755)
Prepaid expenses and other current assets (250) (202)
Accounts payable and other current liabilities (838) (73)
Income taxes payable 310 704
Other, net (170) (116)
Net Cash Provided by Operating Activities 2,241 3,107
Investing Activities    
Capital spending (878) (919)
Sales of property, plant and equipment 30 47
Acquisitions and investments in noncontrolled affiliates (40) (4)
Divestitures 143 75
Short-term investments, by original maturity [Abstract]    
More than three months - purchases (6,785) (4,604)
More than three months - maturities 6,709 3,786
More than three months - sales 242 0
Three months or less, net 0 10
Other investing, net 8 1
Net Cash Used for Investing Activities (571) (1,608)
Financing Activities    
Proceeds from issuances of long-term debt 3,525 2,532
Payments of long-term debt (1,003) (3,083)
Short-term borrowings, by original maturity    
More than three months - proceeds 51 35
More than three months - payments (57) (11)
Three months or less, net (172) 2,795
Cash dividends paid (2,175) (2,060)
Share repurchases - common (942) (1,329)
Share repurchases - preferred (2) (2)
Proceeds from exercises of stock options 316 293
Withholding tax payments on RSUs, PSUs and PEPunits converted (122) (102)
Other financing (1) (4)
Net Cash Provided by/(Used for) Financing Activities (582) (936)
Effect of exchange rate changes on cash and cash equivalents 36 (13)
Net (Decrease)/Increase in Cash and Cash Equivalents 1,124 550
Cash and Cash Equivalents, Beginning of Year 9,158 9,096
Cash and Cash Equivalents, End of Period $ 10,282 $ 9,646