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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 24, 2023
Sep. 25, 2022
Operating activities    
Net earnings $ 5,054 $ 3,820
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 1,009 965
Stock-based compensation 221 195
Deferred income taxes (395) (540)
Pension settlement charge 0 1,470
Changes in assets and liabilities    
Receivables, net 100 (521)
Contract assets (1,287) (1,754)
Inventories (224) (132)
Accounts payable 1,731 1,834
Contract liabilities (552) (48)
Income taxes (81) 113
Qualified defined benefit pension plans (283) (322)
Other, net 262 794
Net cash provided by operating activities 5,555 5,874
Investing activities    
Capital expenditures (987) (977)
Other, net (4) (4)
Net cash used for investing activities (991) (981)
Financing activities    
Issuance of long-term debt, net of related costs 1,975 2,267
Repayments of long-term debt (115) (2,250)
Repurchases of common stock (3,000) (3,694)
Dividends paid (2,289) (2,250)
Other, net (131) (140)
Net cash used for financing activities (3,560) (6,067)
Net change in cash and cash equivalents 1,004 (1,174)
Cash and cash equivalents at beginning of period 2,547 3,604
Cash and cash equivalents at end of period $ 3,551 $ 2,430