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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Operating Activities    
Net Income $ 815 $ 579
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 133 131
Amortization of acquisition-related intangible assets 422 444
Change in deferred income taxes (106) (121)
Non-cash stock-based compensation 44 43
Other non-cash expenses, net 18 27
Changes in assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (29) (71)
Inventories (140) (124)
Other assets (117) (241)
Accounts payable (129) (94)
Other liabilities (230) (471)
Contributions to retirement plans (32) (24)
Net cash provided by operating activities 649 78
Investing Activities    
Acquisitions, net of cash acquired (1) (57)
Purchase of property, plant and equipment (201) (118)
Proceeds from sale of property, plant and equipment 6 2
Other investing activities, net 15 (6)
Net cash used in investing activities (181) (179)
Financing Activities    
Repayment of debt (1) (453)
Proceeds from issuance of commercial paper 100 1,306
Repayments of commercial paper (787) (1,124)
Purchases of company common stock (750) 0
Dividends paid (68) (60)
Net proceeds from issuance of company common stock under employee stock plans 81 39
Other financing activities 0 (50)
Net cash (used in) provided by financing activities (1,425) (342)
Exchange Rate Effect on Cash (32) 57
Increase in Cash, Cash Equivalents and Restricted Cash (989) (386)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 2,117 1,361
Cash, Cash Equivalents and Restricted Cash at End of Period $ 1,128 $ 975