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Consolidated Statements Of Cash Flows - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 6,433 $ 3,646 $ 3,008
Less: earnings from discontinued operations, net of income taxes (86) 0 (576)
Net earnings from continuing operations 6,347 3,646 2,432
Noncash items:      
Depreciation 718 637 564
Amortization of intangible assets 1,450 1,138 625
Amortization of acquisition-related inventory fair value step-up 59 457 0
Stock-based compensation expense 218 187 159
Contract settlement expense 542 0 0
Pretax loss on early extinguishment of borrowings 96 26 7
Pretax gain on sale of product lines and investment (gains) losses (414) (455) 0
Change in deferred income taxes (229) 518 (415)
Change in trade accounts receivable, net (611) (264) (157)
Change in inventories (502) (123) (22)
Change in trade accounts payable 549 227 18
Change in prepaid expenses and other assets (4) 102 48
Change in accrued expenses and other liabilities 139 119 398
Total operating cash provided by continuing operations 8,358 6,215 3,657
Total operating cash (used in) provided by discontinued operations 0 (7) 295
Net cash provided by operating activities 8,358 6,208 3,952
Cash flows from investing activities:      
Cash paid for acquisitions (10,961) (20,971) (331)
Payments for additions to property, plant and equipment (1,294) (791) (636)
Proceeds from sales of property, plant and equipment 13 2 13
Payments for purchases of investments (934) (342) (241)
Proceeds from sales of investments 126 13 0
Proceeds from sale of product lines 26 826 0
All other investing activities 37 24 29
Total cash used in investing activities from continuing operations (12,987) (21,239) (1,166)
Total investing cash used in discontinued operations 0 0 (72)
Net cash used in investing activities (12,987) (21,239) (1,238)
Cash flows from financing activities:      
Proceeds from the issuance of common stock in connection with stock-based compensation 86 153 130
Proceeds from the public offering of common stock, net of issuance costs 0 1,729 1,443
Proceeds from the public offering of preferred stock, net of issuance costs 0 1,668 1,600
Net proceeds from the sale of Envista Holdings Corporation common stock, net of issuance costs 0 0 643
Payment of dividends (742) (615) (527)
Net proceeds from (repayments of) borrowings (maturities of 90 days or less) 2,265 (4,637) 2,802
Proceeds from borrowings (maturities longer than 90 days) 984 8,670 12,113
Repayments of borrowings (maturities longer than 90 days) (1,186) (5,933) (1,565)
Make-whole premiums to redeem borrowings prior to maturity (96) (26) (7)
All other financing activities (16) (3) (43)
Total financing cash provided by continuing operations 1,295 1,006 16,589
Cash distributions to Envista Holdings Corporation, net 0 0 (224)
Net cash provided by financing activities 1,295 1,006 16,365
Effect of exchange rate changes on cash and equivalents (115) 148 45
Net change in cash and equivalents (3,449) (13,877) 19,124
Beginning balance of cash and equivalents 6,035 19,912 788
Ending balance of cash and equivalents 2,586 6,035 19,912
Supplemental disclosure:      
Shares redeemed through the split-off of Envista Holdings Corporation $ 0 $ 0 $ 3,452
Shares held as Treasury shares 22.9