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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Operating Activities    
Net Income $ 1,392.3 $ 1,372.8
Loss from discontinued operations 0.3 1.2
Income from continuing operations 1,392.6 1,374.0
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 1,284.2 1,263.7
Change in deferred income taxes (514.8) (285.9)
Net gains on sale of businesses 0.0 (7.6)
Non-cash stock-based compensation 102.0 91.8
Tax benefits from stock-based compensation awards (54.9) (55.6)
Non-cash charges for sale of inventories revalued at the date of acquisition 38.7 0.7
Other non-cash expenses, net 49.0 39.5
Changes in assets and liabilities, excluding the effects of acquisitions and dispositions:    
Accounts receivable (112.4) (145.9)
Inventories 22.3 (175.3)
Other assets (92.3) (213.7)
Accounts payable 66.1 (26.9)
Other liabilities (194.0) (236.3)
Contributions to retirement plans (33.1) (25.7)
Net cash provided by continuing operations 1,953.4 1,596.8
Net cash used in discontinued operations (3.0) (8.0)
Net cash provided by operating activities 1,950.4 1,588.8
Investing Activities    
Acquisitions, net of cash acquired (5,153.0) (306.0)
Purchase of property, plant and equipment (310.9) (293.5)
Proceeds from sale of property, plant and equipment 23.1 7.5
Other investing activities, net (3.2) 16.0
Net cash used in investing activities (5,444.0) (576.0)
Financing Activities    
Net proceeds from issuance of debt 7,605.8 542.8
Repayment of debt (2,307.1) (2,481.0)
Increase in commercial paper, net 768.8 725.5
Purchases of company common stock (1,000.0) (500.0)
Dividends paid (179.2) (180.7)
Net proceeds from issuance of company common stock under employee stock plans 122.5 96.6
Tax benefits from stock-based compensation awards 54.9 55.6
Other financing activities, net (13.6) (5.9)
Net cash provided by (used in) financing activities 5,052.1 (1,747.1)
Exchange Rate Effect on Cash (40.6) (105.8)
Increase (Decrease) in Cash and Cash Equivalents 1,517.9 (840.1)
Cash and Cash Equivalents at Beginning of Period 452.1 1,343.5
Cash and Cash Equivalents at End of Period $ 1,970.0 $ 503.4