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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 12, 2021
Jun. 13, 2020
Operating Activities    
Net income $ 4,095 $ 3,009
Depreciation and amortization 1,213 1,122
Share-based compensation expense 144 101
Restructuring and impairment charges 77 63
Cash payments for restructuring charges (104) (109)
Inventory fair value adjustments and merger and integration charges 15 243
Cash payments for merger and integration charges (14) (89)
Pension and retiree medical plan expenses 48 80
Pension and retiree medical plan contributions (461) (293)
Deferred income taxes and other tax charges and credits 220 109
Tax payments related to the TCJ Act (309) 0
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (1,214) (1,101)
Inventories (810) (827)
Prepaid expenses and other current assets (40) (251)
Accounts payable and other current liabilities (1,114) (1,336)
Income taxes payable 516 448
Other, net 78 293
Net Cash Provided by (Used in) Operating Activities 2,340 1,462
Investing Activities    
Capital spending (1,305) (1,188)
Sales of property, plant and equipment 22 18
Acquisitions, net of cash acquired, and investments in noncontrolled affiliates (22) (5,649)
Divestitures and sales of investments in noncontrolled affiliates 120 4
Short-term investments, by original maturity [Abstract]    
More than three months - maturities 1,135 0
Three months or less, net (67) 18
Other investing, net 1 35
Net Cash Provided by (Used in) Investing Activities (116) (6,762)
Financing Activities    
Proceeds from Issuance of Long-term Debt 0 10,564
Payments of long-term debt (1,696) (752)
Short-term borrowings, by original maturity    
More than three months - proceeds 0 3,663
More than three months - payments (397) (1,176)
Three months or less, net 89 461
Cash dividends paid (2,842) (2,677)
Share repurchases - common (106) (1,137)
Proceeds from exercises of stock options 100 120
Withholding tax payments on RSUs and PSUs converted (73) (79)
Other financing (19) (16)
Net Cash Provided by/(Used for) Financing Activities (4,944) 8,971
Effect of exchange rate changes on cash and cash equivalents and restricted cash 12 (252)
Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash (2,708) 3,419
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 8,254 5,570
Cash and Cash Equivalents and Restricted Cash, End of Period 5,546 8,989
Supplemental Non-Cash Activity    
Right-of-use assets obtained in exchange for lease obligations $ 319 $ 302