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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Operating Activities    
Net income $ 788 $ 815
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 149 133
Amortization of acquisition-related intangible assets 425 422
Change in deferred income taxes (41) (106)
Stock-based compensation 46 44
Other non-cash expenses, net 64 18
Changes in assets and liabilities, excluding the effects of acquisitions and disposition:    
Accounts receivable (218) (29)
Inventories (141) (140)
Accounts payable (241) (129)
Contributions to retirement plans (32) (32)
Other (443) (347)
Net cash provided by operating activities 356 649
Investing Activities    
Acquisitions, net of cash acquired (4) (1)
Purchase of property, plant and equipment (253) (201)
Proceeds from sale of property, plant and equipment 4 6
Other investing activities, net (7) 15
Net cash used in investing activities (260) (181)
Financing Activities    
Net proceeds from issuance of debt 2,185 0
Repayment of debt (1) (1)
Proceeds from issuance of commercial paper 382 100
Repayments of commercial paper (321) (787)
Purchases of company common stock (1,500) (750)
Dividends paid (76) (68)
Net proceeds from issuance of company common stock under employee stock plans 48 81
Other financing activities, net (98) 0
Net cash provided by (used in) financing activities 619 (1,425)
Exchange Rate Effect on Cash (127) (32)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 588 (989)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 2,422 2,117
Cash, Cash Equivalents and Restricted Cash at End of Period $ 3,010 $ 1,128