XML 23 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 7,728 $ 6,377 $ 3,698
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property, plant and equipment 831 658 564
Amortization of acquisition-related intangible assets 1,761 1,667 1,713
Change in deferred income taxes (647) (552) (302)
Gain on sales of businesses 0 0 (482)
Stock-based compensation 230 196 181
Loss on early extinguishment of debt 767 0 184
Other non-cash expenses 190 338 82
Changes in assets and liabilities, excluding the effects of acquisitions and disposition:      
Accounts receivable (204) (1,302) (225)
Inventories (1,065) (508) (458)
Accounts payable 479 59 266
Contributions to retirement plans (34) (96) (50)
Other (724) 1,452 (198)
Net cash provided by operating activities 9,312 8,289 4,973
Investing activities      
Acquisitions, net of cash acquired (19,395) (38) (1,843)
Proceeds from sale of business, net of cash divested 0 0 1,128
Purchase of property, plant and equipment (2,523) (1,474) (926)
Proceeds from sale of property, plant and equipment 20 8 36
Other investing activities, net (34) (6) 118
Net cash used in investing activities (21,932) (1,510) (1,487)
Financing activities      
Net proceeds from issuance of debt 18,137 3,464 5,638
Repayment of debt (11,738) (710) (6,355)
Proceeds from issuance of commercial paper 2,512 383 2,781
Repayments of commercial paper 0 (387) (3,464)
Purchases of company common stock (2,000) (1,500) (1,500)
Dividends paid (395) (337) (297)
Net proceeds from issuance of company common stock under employee stock plans 156 196 153
Other financing activities, net (91) (150) (74)
Net cash provided by (used in) financing activities 6,581 959 (3,118)
Exchange rate effect on cash 194 176 (63)
(Decrease) increase in cash, cash equivalents and restricted cash (5,845) 7,914 305
Cash, cash equivalents and restricted cash at beginning of year 10,336 2,422 2,117
Cash, cash equivalents and restricted cash at end of year $ 4,491 $ 10,336 $ 2,422