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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Operating Activities      
Net income $ 8,978 $ 7,679 $ 7,175
Depreciation and amortization 2,763 2,710 2,548
Gain associated with the Juice Transaction (3,321) 0 0
Impairment and other charges 3,618 0 0
Operating lease right-of-use asset amortization 517 505 478
Share-based compensation expense 343 301 264
Restructuring and impairment charges 411 247 289
Cash payments for restructuring charges (224) (256) (255)
Acquisition and divestiture-related charges 80 (4) 255
Cash payments for acquisition and divestiture-related charges (46) (176) (131)
Pension and retiree medical plan expenses 419 123 408
Pension and retiree medical plan contributions (384) (785) (562)
Deferred income taxes and other tax charges and credits (873) 298 361
Tax expense related to the TCJ Act 86 190 0
Tax payments related to the TCJ Act (309) (309) (78)
Change in assets and liabilities [Abstract]      
Accounts and notes receivable (1,763) (651) (420)
Inventories (1,142) (582) (516)
Prepaid expenses and other current assets 118 159 26
Accounts payable and other current liabilities 1,842 1,762 766
Income taxes payable 57 30 (159)
Other, net (359) 375 164
Net Cash Provided by Operating Activities 10,811 11,616 10,613
Investing Activities      
Capital spending (5,207) (4,625) (4,240)
Sales of property, plant and equipment 251 166 55
Acquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of intangible and other assets (873) (61) (6,372)
Proceeds associated with the Juice Transaction 3,456 0 0
Other divestitures, sales of investments in noncontrolled affiliates and other assets 49 169 6
Short-term investments, by original maturity:      
More than three months - purchases (291) 0 (1,135)
More than three months - maturities 150 1,135 0
Three months or less, net 24 (58) 27
Other investing, net 11 5 40
Net Cash Used for Investing Activities (2,430) (3,269) (11,619)
Financing Activities      
Proceeds from issuances of long-term debt 3,377 4,122 13,809
Payments of long-term debt (2,458) (3,455) (1,830)
Debt redemptions/cash tender offers (1,716) (4,844) (1,100)
Short-term borrowings, by original maturity      
More than three months - proceeds 1,969 8 4,077
More than three months - payments (1,951) (397) (3,554)
Three months or less, net (31) 434 (109)
Payments of acquisition-related contingent consideration 0 (773) 0
Cash dividends paid (6,172) (5,815) (5,509)
Share repurchases - common (1,500) (106) (2,000)
Proceeds from exercises of stock options 138 185 179
Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted (107) (92) (96)
Other financing (72) (47) (48)
Net Cash (Used for)/Provided by Financing Activities (8,523) (10,780) 3,819
Effect of exchange rate changes on cash and cash equivalents and restricted cash (465) (114) (129)
Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash (607) (2,547) 2,684
Cash and cash equivalents and restricted cash $ 5,100 $ 5,707 $ 8,254