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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 24, 2018
Mar. 25, 2017
Operating Activities    
Net income $ 1,353 $ 1,329
Depreciation and amortization 496 477
Share-based compensation expense 80 72
Restructuring and impairment charges 12 27
Cash payments for restructuring charges (39) (7)
Pension and retiree medical plan expenses 46 44
Pension and retiree medical plan contributions (1,521) (79)
Deferred income taxes and other tax charges and credits 50 129
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (162) (128)
Inventories (383) (513)
Prepaid expenses and other current assets (347) (299)
Accounts payable and other current liabilities (1,050) (1,386)
Income taxes payable 178 172
Other, net (22) (31)
Net Cash Provided by (Used in) Operating Activities (1,309) (193)
Investing Activities    
Capital spending (352) (317)
Sales of property, plant and equipment 9 12
Acquisitions and investments in noncontrolled affiliates (36) (36)
Divestitures 42 41
Short-term investments, by original maturity [Abstract]    
More than three months - purchases (3,416) (3,436)
More than three months - maturities 4,609 3,866
More than three months - sales 533 138
Three months or less, net 7 0
Other investing, net 0 1
Net Cash Provided by (Used in) Investing Activities 1,396 269
Financing Activities    
Payments of long-term debt 0 (752)
Short-term borrowings, by original maturity    
More than three months - proceeds 0 28
More than three months - payments (1) 0
Three months or less, net 4,291 2,396
Cash dividends paid (1,160) (1,098)
Share repurchases - common (493) (444)
Share repurchases - preferred (2) (1)
Proceeds from exercises of stock options 125 245
Withholding tax payments on RSUs, PSUs and PEPunits converted (76) (116)
Other financing (2) (1)
Net Cash Provided by/(Used for) Financing Activities 2,682 257
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents 49 43
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents, Period Increase (Decrease) 2,818 376
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents, Beginning of Year 10,657 9,169
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents, End of Period $ 13,475 $ 9,545