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CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
$ in Millions
12 Months Ended
Dec. 25, 2015
Dec. 26, 2014
Dec. 27, 2013
OPERATING ACTIVITIES      
Net Earnings $ 1,968 $ 1,927 $ 1,864
Adjustments to Reconcile Net Earnings to Net Cash      
Depreciation 1,208 1,151 1,104
Deferred Income Taxes 456 298 300
Gain on Property Dispositions (90) (11) (70)
Other Operating Activities 22 14 (35)
Changes in Operating Assets and Liabilities:      
Accounts Receivable 149 (119) (6)
Other Current Assets (84) (26) 36
Accounts Payable (79) 1 28
Income and Other Taxes Payable (62) 74 (67)
Other Current Liabilities (118) 34 113
Net Cash Provided by Operating Activities 3,370 3,343 3,267
INVESTING ACTIVITIES      
Property Additions (2,562) (2,449) (2,313)
Purchase of Short-term Investments (1,739) (1,433) (1,256)
Proceeds from Sales of Short-term Investments 1,225 1,674 1,401
Proceeds from Property Dispositions 147 62 53
Other Investing Activities 37 (37) (112)
Net Cash Used in Investing Activities (2,892) (2,183) (2,227)
FINANCING ACTIVITIES      
Long-term Debt Issued 1,200 1,000 500
Long-term Debt Repaid (229) (933) (780)
Dividends Paid (686) (629) (600)
Stock Options Exercised 0 0 9
Shares Repurchased (804) (517) (353)
Other Financing Activities 0 (4) (8)
Net Cash Used in Financing Activities (519) (1,083) (1,232)
Net (Decrease) Increase in Cash and Cash Equivalents (41) 77 (192)
CASH AND CASH EQUIVALENTS      
Cash and Cash Equivalents at Beginning of Period 669 592 784
Cash and Cash Equivalents at End of Period 628 669 592
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest Paid - Net of Amounts Capitalized 566 575 595
Income Taxes Paid 768 741 824
Seller Financed Assets $ 307 $ 0 $ 0