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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Operating Activities    
Net income $ 6,067 $ 3,877
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 614 467
Amortization of acquisition-related intangible assets 1,295 1,256
Change in deferred income taxes (455) (496)
Loss on early extinguishment of debt 197 0
Stock-based compensation 153 145
Other non-cash expenses, net 194 209
Changes in assets and liabilities, excluding the effects of acquisitions (1,210) (508)
Net cash provided by operating activities 6,855 4,950
Investing Activities    
Acquisitions, net of cash acquired (1,519) (3)
Purchase of property, plant and equipment (1,692) (888)
Proceeds from sale of property, plant and equipment 9 7
Other investing activities, net (38) 0
Net cash used in investing activities (3,240) (884)
Financing Activities    
Net proceeds from issuance of debt 3,122 3,464
Repayment of debt (2,807) (712)
Proceeds from issuance of commercial paper 0 383
Repayments of commercial paper 0 (387)
Purchases of company common stock (2,000) (1,500)
Dividends paid (292) (250)
Net proceeds from issuance of company common stock under employee stock plans 101 156
Other financing activities, net (10) (146)
Net cash (used in) provided by financing activities (1,886) 1,008
Exchange Rate Effect on Cash (17) 74
Increase in Cash, Cash Equivalents and Restricted Cash 1,712 5,148
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 10,336 2,422
Cash, Cash Equivalents and Restricted Cash at End of Period $ 12,048 $ 7,570