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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating activities    
Net income $ 1,292 $ 2,220
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 253 250
Amortization of acquisition-related intangible assets 606 609
Change in deferred income taxes (146) (339)
Loss on early extinguishment of debt 0 26
Stock-based compensation 76 78
Other non-cash expenses, net 181 233
Changes in assets and liabilities, excluding the effects of acquisitions (1,533) (875)
Net cash provided by operating activities 729 2,202
Investing activities    
Acquisitions, net of cash acquired (2,704) (40)
Purchase of property, plant and equipment (458) (640)
Proceeds from sale of property, plant and equipment 6 2
Other investing activities, net 14 8
Net cash used in investing activities (3,142) (670)
Financing activities    
Repayment of debt 0 (375)
Proceeds from issuance of commercial paper 1,027 626
Repayments of commercial paper (523) (1,259)
Purchases of company common stock (3,000) (2,000)
Dividends paid (117) (103)
Other financing activities, net 20 (34)
Net cash used in financing activities (2,593) (3,145)
Exchange rate effect on cash (31) (99)
Decrease in cash, cash equivalents and restricted cash (5,037) (1,712)
Cash, cash equivalents and restricted cash at beginning of period 8,537 4,491
Cash, cash equivalents and restricted cash at end of period $ 3,500 $ 2,779