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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 26, 2017
Mar. 27, 2016
Operating activities    
Net earnings $ 763 $ 898
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 285 296
Stock-based compensation 44 44
Severance charges   99
Changes in assets and liabilities    
Receivables, net (667) (558)
Inventories, net (404) (310)
Accounts payable 1,111 751
Customer advances and amounts in excess of costs incurred (204) (146)
Postretirement benefit plans 345 246
Income taxes 175 225
Other, net 218 122
Net cash provided by operating activities 1,666 1,667
Investing activities    
Capital expenditures (170) (151)
Other, net 4 4
Net cash used for investing activities (166) (147)
Financing activities    
Repurchases of common stock (500) (501)
Dividends paid (544) (533)
Proceeds from stock option exercises 31 28
Other, net (108) (152)
Net cash used for financing activities (1,121) (1,158)
Net change in cash and cash equivalents 379 362
Cash and cash equivalents at beginning of period 1,837 1,090
Cash and cash equivalents at end of period $ 2,216 $ 1,452