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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2016
Sep. 27, 2015
CASH FLOW FROM OPERATING ACTIVITIES    
Net earnings $ 12,726 $ 12,194
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 2,699 2,713
Stock based compensation 704 677
Asset write-downs 187 367
Net gain on sale of assets/businesses (276) (1,274)
Deferred tax provision 215 233
Accounts receivable allowances (10) 2
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (736) (910)
Increase in inventories (408) (719)
Decrease in accounts payable and accrued liabilities (1,220) (1,271)
(Increase)/Decrease in other current and non-current assets (379) 986
(Decrease)/Increase in other current and non-current liabilities (1,388) 1,486
NET CASH FLOWS FROM OPERATING ACTIVITIES 12,114 14,484
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (2,133) (2,097)
Proceeds from the disposal of assets/businesses, net 873 1,620
Acquisitions, net of cash acquired (4,050) (233)
Purchases of investments (27,677) (28,766)
Sales of investments 30,437 23,167
Other (37) (35)
NET CASH USED BY INVESTING ACTIVITIES (2,587) (6,344)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to shareholders (6,451) (6,101)
Repurchase of common stock (6,954) (3,394)
Proceeds from short-term debt 149 2,107
Retirement of short-term debt (3,926) (930)
Proceeds from long-term debt, net of issuance costs 11,951 3
Retirement of long-term debt (953) (27)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 1,112 550
Other (15) (50)
NET CASH USED BY FINANCING ACTIVITIES (5,087) (7,842)
Effect of exchange rate changes on cash and cash equivalents 33 (1,182)
Increase/(Decrease) in cash and cash equivalents 4,473 (884)
Cash and Cash equivalents, beginning of period 13,732 14,523
CASH AND CASH EQUIVALENTS, END OF PERIOD 18,205 13,639
Acquisitions    
Fair value of assets acquired 4,094 477
Fair value of liabilities assumed and noncontrolling interests (44) (244)
Net cash paid for acquisitions $ 4,050 $ 233