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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 11, 2022
Jun. 12, 2021
Operating Activities    
Net income $ 5,719 $ 4,095
Depreciation and amortization 1,195 1,213
Gain associated with the Juice Transaction (3,335) 0
Brand portfolio impairment charges 465 0
Russia-Ukraine conflict charges 1,406 0
Operating lease right-of-use asset amortization 223 220
Share-based compensation expense 156 144
Restructuring and impairment charges 75 77
Cash payments for restructuring charges (82) (104)
Acquisition and divestiture-related charges 64 15
Cash payments for acquisition and divestiture-related charges (34) (14)
Pension and retiree medical plan expenses 139 48
Pension and retiree medical plan contributions (214) (461)
Deferred income taxes and other tax charges and credits 49 220
Tax payments related to the TCJ Act 309 309
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (1,753) (1,214)
Inventories (990) (810)
Prepaid expenses and other current assets (186) (40)
Accounts payable and other current liabilities (990) (1,114)
Income taxes payable 608 516
Other, net (325) (142)
Net Cash Provided by (Used in) Operating Activities 1,881 2,340
Investing Activities    
Capital spending (1,499) (1,305)
Sales of property, plant and equipment 222 22
Acquisitions, net of cash acquired, and investments in noncontrolled affiliates (29) (22)
Proceeds associated with the Juice Transaction 3,456 0
Other divestitures and sales of investments in noncontrolled affiliates 15 120
Short-term investments, by original maturity [Abstract]    
More than three months - maturities 0 1,135
Three months or less, net 8 (67)
Other investing, net (1) 1
Net Cash Provided by (Used in) Investing Activities 2,172 (116)
Financing Activities    
Payments of long-term debt (1,652) (1,696)
Debt redemptions (1,550) 0
Short-term borrowings, by original maturity    
More than three months - proceeds 1,935 0
More than three months - payments 0 (397)
Three months or less, net 844 89
Cash dividends paid (2,997) (2,842)
Share repurchases - common (699) (106)
Proceeds from exercises of stock options 89 100
Withholding tax payments on RSUs and PSUs converted (87) (73)
Other financing (15) (19)
Net Cash Provided by/(Used for) Financing Activities (4,132) (4,944)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (83) 12
Net Decrease in Cash and Cash Equivalents and Restricted Cash (162) (2,708)
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 5,707 8,254
Cash and Cash Equivalents and Restricted Cash, End of Period 5,545 5,546
Supplemental Non-Cash Activity    
Right-of-use assets obtained in exchange for lease obligations $ 428 $ 319