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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities:    
Net earnings $ 212 $ 355
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 102 87
Deferred income taxes (80) (26)
Income from affiliates (46) (1)
Dividends received from affiliates 16 30
Other investment loss (income), net 227 (117)
Other, net 17 4
Changes in assets and liabilities, net of dispositions:    
Receivables, net of allowance for credit losses (201) (109)
Inventories (192) (319)
Other assets (25) (51)
Accounts payable 79 86
Other liabilities, exclusive of debt 8 (7)
Net cash from operating activities 117 (68)
Cash flows from investing activities:    
Purchase of short-term investments (263) (1,482)
Proceeds from the sale of short-term investments 408 1,569
Proceeds from the maturity of short-term investments 9 19
Capital expenditures (273) (223)
Proceeds from the sale of property, plant and equipment 13 14
Purchase of long-term investments (33) (14)
Proceeds from the sale of subsidiaries, net of cash sold 15  
Proceeds from the sale of non-consolidated affiliates 13  
Other, net (8) 12
Net cash from investing activities (119) (105)
Cash flows from financing activities:    
Uncommitted lines of credit, net 96 152
Draws under committed lines of credit 859 402
Repayments of committed lines of credit (910) (302)
Principal payments of long-term debt (5) (50)
Dividends paid (5) (5)
Other, net (15) (5)
Net cash from financing activities 20 192
Effect of exchange rate changes on cash and cash equivalents 2 (3)
Net change in cash and cash equivalents 20 16
Cash and cash equivalents at beginning of year 75 76
Cash and cash equivalents at end of period $ 95 $ 92