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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Operating Activities    
Net Income $ 1,696.9 $ 1,392.3
Loss from discontinued operations 0.6 0.3
Income from continuing operations 1,697.5 1,392.6
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 1,459.5 1,284.2
Change in deferred income taxes (483.6) (514.8)
Non-cash stock-based compensation 115.9 102.0
Non-cash charges for sale of inventories revalued at the date of acquisition 47.3 38.7
Other non-cash expenses, net 66.7 49.0
Changes in assets and liabilities, excluding the effects of acquisitions and dispositions:    
Accounts receivable (160.7) (112.4)
Inventories (208.3) 22.3
Other assets (232.8) (92.3)
Accounts payable (0.1) 66.1
Other liabilities 23.4 (146.6)
Contributions to retirement plans (184.5) (33.1)
Net cash provided by continuing operations 2,140.3 2,055.7
Net cash used in discontinued operations (1.8) (3.0)
Net cash provided by operating activities 2,138.5 2,052.7
Investing Activities    
Acquisitions, net of cash acquired (7,160.2) (5,143.0)
Purchase of property, plant and equipment (292.8) (310.9)
Proceeds from sale of property, plant and equipment 4.3 23.1
Proceeds from sale of investments 18.5 11.7
Other investing activities, net (15.4) (8.8)
Net cash used in investing activities (7,445.6) (5,427.9)
Financing Activities    
Net proceeds from issuance of debt 6,459.0 7,605.8
Repayment of debt (2,551.7) (2,307.1)
Net proceeds from issuance of commercial paper 6,030.2 5,628.0
Repayments of commercial paper (5,809.1) (4,859.2)
Purchases of company common stock (750.0) (1,000.0)
Dividends paid (177.1) (179.2)
Net proceeds from issuance of company common stock 1,690.3 0.0
Net proceeds from issuance of company common stock under employee stock plans 107.7 75.1
Other financing activities, net (1.0) (13.6)
Net cash provided by financing activities 4,998.3 4,949.8
Exchange Rate Effect on Cash 256.1 (40.7)
(Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (52.7) 1,533.9
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 810.8 466.3
Cash, Cash Equivalents and Restricted Cash at End of Period $ 758.1 $ 2,000.2