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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Operating activities    
Net earnings $ 3,370 $ 2,042
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 659 672
Stock-based compensation 146 134
Deferred income taxes (234) (425)
Pension settlement charge 0 1,470
Changes in assets and liabilities    
Receivables, net (922) (1,438)
Contract assets (690) (1,174)
Inventories (410) (450)
Accounts payable 1,397 1,522
Contract liabilities (304) (30)
Income taxes (46) 318
Qualified defined benefit pension plans (189) (231)
Other, net (113) 331
Net cash provided by operating activities 2,664 2,741
Investing activities    
Capital expenditures (623) (572)
Other, net 30 (11)
Net cash used for investing activities (593) (583)
Financing activities    
Issuance of long-term debt, net of related costs 1,975 2,267
Repayments of long-term debt 0 (2,250)
Repurchases of common stock (1,250) (2,356)
Dividends paid (1,542) (1,511)
Other, net (128) (137)
Net cash used for financing activities (945) (3,987)
Net change in cash and cash equivalents 1,126 (1,829)
Cash and cash equivalents at beginning of period 2,547 3,604
Cash and cash equivalents at end of period $ 3,673 $ 1,775