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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Operating Activities      
Net income $ 7,679 $ 7,175 $ 7,353
Depreciation and amortization 2,710 2,548 2,432
Operating lease right-of-use asset amortization 505 478 412
Share-based compensation expense 301 264 237
Restructuring and impairment charges 247 289 370
Cash payments for restructuring charges (256) (255) (350)
Acquisition and divestiture-related charges (4) 255 55
Cash payments for acquisition and divestiture-related charges (176) (131) (10)
Pension and retiree medical plan expenses 123 408 519
Pension and retiree medical plan contributions (785) (562) (716)
Deferred income taxes and other tax charges and credits 298 361 453
Tax expense/(benefit) related to the TCJ Act 190 0 (8)
Tax payments related to the TCJ Act (309) (78) (423)
Change in assets and liabilities [Abstract]      
Accounts and notes receivable (651) (420) (650)
Inventories (582) (516) (190)
Prepaid expenses and other current assets 159 26 (87)
Accounts payable and other current liabilities 1,762 766 735
Income taxes payable 30 (159) (287)
Other, net 375 164 (196)
Net Cash Provided by Operating Activities 11,616 10,613 9,649
Investing Activities      
Capital spending (4,625) (4,240) (4,232)
Sales of property, plant and equipment 166 55 170
Acquisitions, net of cash acquired, and investments in noncontrolled affiliates (61) (6,372) (2,717)
Divestitures and sales of investments in noncontrolled affiliates 169 6 253
Short-term investments, by original maturity:      
More than three months - purchases 0 (1,135) 0
More than three months - maturities 1,135 0 16
More than three months - sales 0 0 62
Three months or less, net (58) 27 19
Other investing, net 5 40 (8)
Net Cash Used for Investing Activities (3,269) (11,619) (6,437)
Financing Activities      
Proceeds from issuances of long-term debt 4,122 13,809 4,621
Payments of long-term debt (3,455) (1,830) (3,970)
Cash tender offers/debt redemption (4,844) (1,100) (1,007)
Short-term borrowings, by original maturity      
More than three months - proceeds 8 4,077 6
More than three months - payments (397) (3,554) (2)
Three months or less, net 434 (109) (3)
Payments of acquisition-related contingent consideration (773) 0 0
Cash dividends paid (5,815) (5,509) (5,304)
Share repurchases - common (106) (2,000) (3,000)
Proceeds from exercises of stock options 185 179 329
Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted (92) (96) (114)
Other financing (47) (48) (45)
Net Cash (Used for)/Provided by Financing Activities (10,780) 3,819 (8,489)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (114) (129) 78
Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash (2,547) 2,684 (5,199)
Cash and cash equivalents and restricted cash $ 5,707 $ 8,254 $ 5,570