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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 25, 2017
Jun. 26, 2016
Operating activities    
Net earnings $ 1,705 $ 1,919
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 581 593
Stock-based compensation 101 97
Severance charges   99
Changes in assets and liabilities    
Receivables, net (560) (1,214)
Inventories, net (271) (233)
Accounts payable 940 806
Customer advances and amounts in excess of costs incurred (316) 239
Postretirement benefit plans 685 515
Income taxes 3 237
Other, net 342 82
Net cash provided by operating activities 3,210 3,140
Investing activities    
Capital expenditures (448) (386)
Other, net 9 59
Net cash used for investing activities (439) (327)
Financing activities    
Repurchases of common stock (1,000) (1,002)
Dividends paid (1,069) (1,034)
Repayments of long-term debt   (452)
Proceeds from stock option exercises 44 53
Other, net (131) (199)
Net cash used for financing activities (2,156) (2,634)
Net change in cash and cash equivalents 615 179
Cash and cash equivalents at beginning of period 1,837 1,090
Cash and cash equivalents at end of period $ 2,452 $ 1,269