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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2021
Dec. 29, 2019
Dec. 30, 2018
Cash flows from operating activities      
Net earnings $ 14,714 $ 15,119 $ 15,297
Adjustments to reconcile net earnings to cash flows from operating activities:      
Depreciation and amortization of property and intangibles 7,231 7,009 6,929
Stock based compensation 1,005 977 978
Asset write-downs 233 1,096 1,258
Contingent consideration reversal (1,148) 0 0
Net gain on sale of assets/businesses (111) (2,154) (1,217)
Deferred tax provision (1,141) (2,476) (1,016)
Credit losses and accounts receivable allowances 63 (20) (31)
Changes in assets and liabilities, net of effects from acquisitions and divestitures:      
Decrease/(Increase) in accounts receivable 774 (289) (1,185)
Increase in inventories (265) (277) (644)
Increase in accounts payable and accrued liabilities 5,141 4,060 3,951
Increase in other current and non-current assets (3,704) (1,054) (275)
Increase/(Decrease) in other current and non-current liabilities 744 1,425 (1,844)
Net cash flows from operating activities 23,536 23,416 22,201
Cash flows from investing activities      
Additions to property, plant and equipment (3,347) (3,498) (3,670)
Proceeds from the disposal of assets/businesses, net 305 3,265 3,203
Acquisitions, net of cash acquired (Note 18) (7,323) (5,810) (899)
Purchases of investments (21,089) (3,920) (5,626)
Sales of investments 12,137 3,387 4,289
Credit support agreements activity, net (987) 338 0
Other (primarily licenses and milestones) (521) 44 (464)
Net cash used by investing activities (20,825) (6,194) (3,167)
Cash flows from financing activities      
Dividends to shareholders (10,481) (9,917) (9,494)
Repurchase of common stock (3,221) (6,746) (5,868)
Proceeds from short-term debt 3,391 39 80
Repayment of short-term debt (2,663) (100) (2,479)
Proceeds from long-term debt, net of issuance costs 7,431 3 5
Repayment of long-term debt (1,064) (2,823) (1,555)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 1,114 954 949
Credit support agreements activity, net (333) 100 25
Other (294) 475 (173)
Net cash used by financing activities (6,120) (18,015) (18,510)
Effect of exchange rate changes on cash and cash equivalents 89 (9) (241)
(Decrease)/Increase in cash and cash equivalents (3,320) (802) 283
Cash and cash equivalents, beginning of year (Note 1) 17,305 18,107 17,824
Cash and cash equivalents, end of year (Note 1) 13,985 17,305 18,107
Cash paid during the year for:      
Interest 904 995 1,049
Interest, net of amount capitalized 841 925 963
Income taxes 4,619 4,191 4,570
Supplemental schedule of non-cash investing and financing activities      
Treasury stock issued for employee compensation and stock option plans, net of cash proceeds/ employee withholding tax on stock awards 1,937 1,736 2,095
Conversion of debt 27 1 6
Acquisitions      
Fair value of assets acquired 7,755 7,228 1,047
Fair value of liabilities assumed and noncontrolling interests (432) (1,418) (148)
Net cash paid for acquisitions (Note 18) $ 7,323 $ 5,810 $ 899