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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Cash flows from operating activities:    
Net earnings $ 1,725 $ 1,702
Noncash items:    
Depreciation 179 158
Amortization of intangible assets 386 344
Amortization of acquisition-related inventory fair value step-up 0 29
Stock-based compensation expense 80 54
Pretax gain on sale of product lines and investment (gains) losses 24 (102)
Change in trade accounts receivable, net 80 59
Change in inventories (431) (171)
Change in trade accounts payable (131) (38)
Change in prepaid expenses and other assets (22) 239
Change in accrued expenses and other liabilities 78 (403)
Net cash provided by operating activities 1,968 1,871
Cash flows from investing activities:    
Cash paid for acquisitions (17) (419)
Payments for additions to property, plant and equipment (250) (251)
Proceeds from sales of property, plant and equipment 2 12
Payments for purchases of investments (274) (420)
Proceeds from sales of investments 17 43
Proceeds from sale of product lines 0 26
All other investing activities 19 16
Total cash used in investing activities (503) (993)
Cash flows from financing activities:    
Payments for the issuance of common stock in connection with stock-based compensation, net (46) (12)
Payment of dividends (191) (169)
Net proceeds from (repayments of) borrowings (maturities of 90 days or less) 10 (1)
Net repayments of borrowings (maturities longer than 90 days) 0 (279)
All other financing activities (47) 12
Total cash used in financing activities (274) (449)
Effect of exchange rate changes on cash and equivalents (60) (134)
Net change in cash and equivalents 1,131 295
Beginning balance of cash and equivalents 2,586 6,035
Ending balance of cash and equivalents 3,717 6,330
Supplemental disclosures:    
Cash interest payments 84 83
Cash income tax payments $ 227 $ 122