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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 23, 2019
Mar. 24, 2018
Operating Activities    
Net income $ 1,422 $ 1,353
Depreciation and amortization 498 496
Share-based compensation expense 57 80
Restructuring and impairment charges 26 12
Cash payments for restructuring charges (52) (39)
Pension and retiree medical plan expenses 47 46
Pension and retiree medical plan contributions (260) (1,521)
Deferred income taxes and other tax charges and credits 216 49
Net tax (benefit)/expense related to the TCJ Act (29) 1
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (406) (162)
Inventories (435) (383)
Prepaid expenses and other current assets (382) (347)
Accounts payable and other current liabilities (1,207) (1,050)
Income taxes payable 120 178
Other, net 40 (22)
Net Cash Provided by (Used in) Operating Activities (345) (1,309)
Investing Activities    
Capital spending (442) (352)
Sales of property, plant and equipment 2 9
Acquisition of SodaStream, net of cash and cash equivalents acquired (1,807) 0
Acquisitions and investments in noncontrolled affiliates (56) (36)
Divestitures 0 42
Short-term investments, by original maturity [Abstract]    
More than three months - purchases 0 (3,416)
More than three months - maturities 0 4,609
More than three months - sales 0 533
Three months or less, net 9 7
Other investing, net (6) 0
Net Cash Provided by (Used in) Investing Activities (2,300) 1,396
Financing Activities    
Proceeds from Issuance of Long-term Debt 1,122 0
Payments of long-term debt (1,851) 0
Short-term borrowings, by original maturity    
More than three months - proceeds 2 0
More than three months - payments 0 (1)
Three months or less, net 115 4,291
Cash dividends paid (1,332) (1,160)
Share repurchases - common (940) (493)
Share repurchases - preferred 0 (2)
Proceeds from exercises of stock options 103 125
Withholding tax payments on RSUs, PSUs and PEPunits converted (93) (76)
Other financing (2) (2)
Net Cash Provided by/(Used for) Financing Activities (2,876) 2,682
Effect of exchange rate changes on cash and cash equivalents and restricted cash 57 49
Cash and Cash Equivalents and Restricted Cash, Period Increase (Decrease) (5,464) 2,818
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 10,769 10,657
Cash and Cash Equivalents and Restricted Cash, End of Period $ 5,305 $ 13,475