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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Operating activities    
Net earnings $ 5,041 $ 4,732
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 927 867
Stock-based compensation 182 158
Equity method investment impairment 128 0
Tax resolution related to former IS&GS business 55 0
Gain on property sale 0 (51)
Changes in assets and liabilities    
Receivables, net (143) 60
Contract assets (1,294) (1,532)
Inventories 326 (477)
Accounts payable 247 524
Contract liabilities 300 286
Postretirement benefit plans (130) 828
Income taxes 58 (117)
Other, net 679 543
Net cash provided by operating activities 6,376 5,821
Investing activities    
Capital expenditures (1,044) (841)
Other, net 27 38
Net cash used for investing activities (1,017) (803)
Financing activities    
Dividends paid (2,036) (1,881)
Repurchases of common stock (1,100) (710)
Issuance of long-term debt, net of related costs 1,131 0
Repayments of current and long-term debt (1,150) 0
Repayments of commercial paper, net 0 (600)
Other, net (133) (60)
Net cash used for financing activities (3,288) (3,251)
Net change in cash and cash equivalents 2,071 1,767
Cash and cash equivalents at beginning of period 1,514 772
Cash and cash equivalents at end of period $ 3,585 $ 2,539