XML 33 R10.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Cash flows from operating activities      
Net earnings $ 20,878 $ 14,714 $ 15,119
Adjustments to reconcile net earnings to cash flows from operating activities:      
Depreciation and amortization of property and intangibles 7,390 7,231 7,009
Stock based compensation 1,135 1,005 977
Asset write-downs 989 233 1,096
Contingent consideration reversal 0 (1,148) 0
Net gain on sale of assets/businesses (617) (111) (2,154)
Deferred tax provision (2,079) (1,141) (2,476)
Credit losses and accounts receivable allowances (48) 63 (20)
Changes in assets and liabilities, net of effects from acquisitions and divestitures:      
(Increase)/Decrease in accounts receivable (2,402) 774 (289)
Increase in inventories (1,248) (265) (277)
Increase in accounts payable and accrued liabilities 2,437 5,141 4,060
Increase in other current and non-current assets (1,964) (3,704) (1,054)
(Decrease)/Increase in other current and non-current liabilities (1,061) 744 1,425
Net cash flows from operating activities 23,410 23,536 23,416
Cash flows from investing activities      
Additions to property, plant and equipment (3,652) (3,347) (3,498)
Proceeds from the disposal of assets/businesses, net 711 305 3,265
Acquisitions, net of cash acquired (Note 18) (60) (7,323) (5,810)
Purchases of investments (30,394) (21,089) (3,920)
Sales of investments 25,006 12,137 3,387
Credit support agreements activity, net 214 (987) 338
Other (primarily licenses and milestones) (508) (521) 44
Net cash used by investing activities (8,683) (20,825) (6,194)
Cash flows from financing activities      
Dividends to shareholders (11,032) (10,481) (9,917)
Repurchase of common stock (3,456) (3,221) (6,746)
Proceeds from short-term debt 1,997 3,391 39
Repayment of short-term debt (1,190) (2,663) (100)
Proceeds from long-term debt, net of issuance costs 5 7,431 3
Repayment of long-term debt (1,802) (1,064) (2,823)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 1,036 1,114 954
Credit support agreements activity, net 281 (333) 100
Other 114 (294) 475
Net cash used by financing activities (14,047) (6,120) (18,015)
Effect of exchange rate changes on cash and cash equivalents (178) 89 (9)
Increase/(Decrease) in cash and cash equivalents 502 (3,320) (802)
Cash and cash equivalents, beginning of year (Note 1) 13,985 17,305 18,107
Cash and cash equivalents, end of year (Note 1) 14,487 13,985 17,305
Cash paid during the year for:      
Interest 990 904 995
Interest, net of amount capitalized 941 841 925
Income taxes 4,768 4,619 4,191
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 1,811 1,937 1,736
Conversion of debt 0 27 1
Acquisitions      
Fair value of assets acquired 61 7,755 7,228
Fair value of liabilities assumed and noncontrolling interests (1) (432) (1,418)
Net cash paid for acquisitions (Note 18) $ 60 $ 7,323 $ 5,810