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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 10,999 $ 3,255
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property and intangibles 1,772 1,815
Stock based compensation 288 302
Asset write-downs 30 185
Charges for purchase of in-process research and development assets 16 0
Net gain on sale of assets/businesses (75) 0
Deferred tax provision 2,172 (1,562)
Credit losses and accounts receivable allowances (4) 0
Changes in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase in accounts receivable (926) (279)
Increase in inventories (146) (348)
Decrease in accounts payable and accrued liabilities (2,126) (2,483)
(Increase)/Decrease in other current and non-current assets (1,317) 3,199
Decrease in other current and non-current liabilities (6,509) (427)
Net cash flows from operating activities 4,174 3,657
Cash flows from investing activities    
Additions to property, plant and equipment (795) (807)
Proceeds from the disposal of assets/businesses, net (Note 10) 279 210
Acquisitions, net of cash acquired (Note 10) 0 (1,811)
Acquired in-process research and development assets (Note 10) (14) 0
Purchases of investments (251) (630)
Sales of investments 218 979
Credit support agreements activity, net 296 1,600
Other (including capitalized licenses and milestones) (30) (5)
Net cash used by investing activities (297) (464)
Cash flows from financing activities    
Dividends to shareholders (2,989) (2,869)
Repurchase of common stock (2,127) (1,475)
Proceeds from short-term debt, net 8,784 5,263
Repayment of short-term debt, net (2,120) (890)
Proceeds from long-term debt, net of issuance costs 9,138 2
Repayment of long-term debt (751) (1)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net 450 195
Credit support agreements activity, net (3) 228
Other 40 93
Net cash from financing activities 10,422 546
Effect of exchange rate changes on cash and cash equivalents 70 (125)
Increase in cash and cash equivalents 14,369 3,614
Cash and Cash equivalents beginning of period 24,105 21,859
Cash and cash equivalents, end of period 38,474 25,473
Acquisitions (Note 10)    
Fair value of assets acquired 0 1,899
Fair value of liabilities assumed 0 (88)
Net cash paid for acquisitions $ 0 $ 1,811