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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 25, 2011
Sep. 26, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Consolidated net income$ 1,374$ 749
Adjustments to reconcile consolidated net income to net cash provided by operating activities:  
Depreciation and amortization243239
Gain on sale of business (Note 4)(68) 
Gain on fair value adjustment for consolidated investee (Note 4) (12)
Deferred income taxes14883
Equity in income of investees, net of dividends7(95)
Pension contributions in excess of expense (Note 11)(71)(114)
Excess tax benefits on stock based awards(4)(8)
Other post-retirement benefits payments in excess of expense (Note 11)(10)(22)
Stock-based compensation expense2817
Translation and hedging activities(14)10
Changes in current assets and liabilities, net of acquisitions and divestitures:  
Accounts and notes receivable(469)(198)
Inventories(367)(524)
Other current assets(5)(16)
Accounts payable317336
Accrued expenses173102
Changes in other liabilities and deferred revenue9397
Other, net(7)(25)
Net cash provided by operating activities1,368619
CASH FLOWS FROM INVESTING ACTIVITIES  
Capital expenditures(377)(170)
Investments in internal use software(31)(28)
Proceeds from disposals of property, plant and equipment546
Investments in and advances to equity investees(104)(17)
Proceeds from sale of business, net of cash sold (Note 4)111 
Acquisition of businesses, net of cash acquired (Note 4) (77)
Investments in marketable securities-acquisitions (Note 6)(538)(560)
Investments in marketable securities-liquidations (Note 6)572452
Purchases of other investments (54)
Cash flows from derivatives not designated as hedges42
Other, net2 
Net cash used in investing activities(356)(406)
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from borrowings96163
Payments on borrowings and capital lease obligations(174)(64)
Net borrowings under short-term credit agreements(5)(4)
Distributions to noncontrolling interests(50)(21)
Dividend payments on common stock(178)(120)
Proceeds from sale of common stock held by employee benefit trust 52
Repurchases of common stock(546)(241)
Excess tax benefits on stock-based awards48
Other, net1317
Net cash used in financing activities(840)(210)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS(30)4
Net increase (decrease) in cash and cash equivalents1427
Cash and cash equivalents at beginning of year1,023930
CASH AND CASH EQUIVALENTS AT END OF PERIOD$ 1,165$ 937