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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Cash flows from operating activities:    
Net income (loss) $ 1,349 $ 770
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Depreciation and amortization 627 646
Share-based compensation 178 184
Amortization of discount (premium) on debt, net 1 1
Amortization of debt issuance costs 3 3
Net (gain) loss on sale of assets (1) 0
(Gain) loss on equity security, net 4 2
(Gain) loss on extinguishment of debt 18 0
Results relating to equity-accounted investees (9) 3
Deferred tax expense (benefit) (98) 12
Changes in operating assets and liabilities:    
(Increase) decrease in receivables and other current assets (111) (230)
(Increase) decrease in inventories (273) (86)
Increase (decrease) in accounts payable and other liabilities 270 124
Decrease (increase) in other non-current assets (288) (60)
Exchange differences (3) 0
Other items 8 (1)
Net cash provided by (used for) operating activities 1,675 1,368
Cash flows from investing activities:    
Purchase of identified intangible assets (72) (72)
Capital expenditures on property, plant and equipment (548) (300)
Payments to Acquire Equipment on Lease (5) 0
Proceeds from disposals of property, plant and equipment 1 0
Purchase of interests in businesses, net of cash acquired (5) (1)
Purchase of investments (2) (6)
Proceeds from Sale of Other Investments 12 8
Proceeds from sale of investments 2 1
Net cash provided by (used for) investing activities (617) (370)
Cash flows from financing activities:    
Repayments of Notes Payable (917) 0
Proceeds from the issuance of long-term debt 1,496 2,000
Cash paid for debt issuance costs (13) (22)
Dividends paid to common stockholders (371) (260)
Proceeds from issuance of common stock through stock plans 28 31
Purchase of treasury shares and restricted stock unit withholdings (554) (2,108)
Proceeds from (Payments for) Other Financing Activities (1) (1)
Net cash provided by (used for) financing activities (332) (360)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (11) (3)
Increase (decrease) in cash and cash equivalents 715 635
Cash and cash equivalents at beginning of period 2,830 2,275
Cash and cash equivalents at end of period 3,545 2,910
Net cash paid during the period for:    
Interest 178 160
Income taxes, net of refunds 272 161
Cash proceeds from the sale of assets 1 0
Book value of these assets 0 0
Non-cash capital expenditures $ 243 $ 167