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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Operating activities    
Net earnings $ 1,807 $ 1,822
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 490 479
Stock-based compensation 89 97
Changes in assets and liabilities    
Receivables, net (1,183) (598)
Inventories, net (154) 307
Accounts payable 453 557
Customer advances and amounts in excess of costs incurred (211) (160)
Postretirement benefit plans 580 125
Income taxes 471 311
Other, net (122) 137
Net cash provided by operating activities 2,220 3,077
Investing activities    
Capital expenditures (309) (253)
Acquisitions of businesses and investments in affiliates   (172)
Other, net 91 (1)
Net cash used for investing activities (218) (426)
Financing activities    
Issuance of long-term debt, net of related costs 2,213  
Repurchases of common stock (1,541) (1,230)
Proceeds from stock option exercises 84 223
Dividends paid (965) (865)
Other, net (37) 40
Net cash used for financing activities (246) (1,832)
Net change in cash and cash equivalents 1,756 819
Cash and cash equivalents at beginning of period 1,446 2,617
Cash and cash equivalents at end of period $ 3,202 $ 3,436