XML 25 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2016
Sep. 25, 2015
Sep. 26, 2014
Cash Flows From Operating Activities:      
Net income $ 2,009 $ 2,420 $ 1,781
Income from discontinued operations, net of income taxes (68) (1,182) (167)
Income from continuing operations 1,941 1,238 1,614
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 585 616 551
Non-cash restructuring charges 41 21 16
Deferred income taxes 178 40 (281)
Provision for losses on accounts receivable and inventories 17 36 34
Tax sharing (income) expense 632 52 (65)
Share-based compensation expense 91 89 77
Gain on divestiture (144)    
Other 61 105 50
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:      
Accounts receivable, net 116 (210) (182)
Inventories 16 (220) (98)
Prepaid expenses and other current assets 282 36 (14)
Accounts payable (100) (22) 71
Accrued and other current liabilities (4) (155) (280)
Deferred revenue 26 12 113
Income taxes (1,764) (52) 167
Other 45 33 31
Net cash provided by continuing operating activities 2,019 1,619 1,804
Net cash provided by (used in) discontinued operating activities (97) 294 279
Net cash provided by operating activities 1,922 1,913 2,083
Cash Flows From Investing Activities:      
Capital expenditures (628) (600) (635)
Proceeds from sale of property, plant, and equipment 8 17 129
Acquisition of businesses, net of cash acquired (1,336) (1,725) (522)
Proceeds from divestiture of business, net of cash retained by sold business 333   3
Proceeds from divestiture of discontinued operations, net of cash retained by sold operations (19) 2,957  
Other 61 12 (13)
Net cash provided by (used in) continuing investing activities (1,581) 661 (1,038)
Net cash used in discontinued investing activities   (25) (37)
Net cash provided by (used in) investing activities (1,581) 636 (1,075)
Cash Flows From Financing Activities:      
Net increase (decrease) in commercial paper 330 (328) (23)
Proceeds from issuance of debt 352 617 1,322
Repayment of debt (501) (473) (360)
Proceeds from exercise of share options 90 103 156
Repurchase of common shares (2,787) (1,023) (578)
Payment of common share dividends to shareholders (509) (502) (443)
Transfers (to) from discontinued operations (97) 269 242
Other (5)   (9)
Net cash provided by (used in) continuing financing activities (3,127) (1,337) 307
Net cash provided by (used in) discontinued financing activities 97 (269) (242)
Net cash provided by (used in) financing activities (3,030) (1,606) 65
Effect of currency translation on cash 7 (71) (19)
Net increase (decrease) in cash and cash equivalents (2,682) 872 1,054
Cash and cash equivalents at beginning of fiscal year 3,329 2,457 1,403
Cash and cash equivalents at end of fiscal year 647 3,329 2,457
Supplemental Cash Flow Information:      
Interest paid 117 128 118
Income taxes paid, net of refunds $ 806 $ 350 $ 259