XML 20 R8.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Cash flows from operating activities:    
Net earnings $ 3,405 $ 3,487
Less: earnings from discontinued operations, net of income taxes 0 86
Net earnings from continuing operations 3,405 3,401
Noncash items:    
Depreciation 358 336
Amortization of intangible assets 759 691
Amortization of acquisition-related inventory fair value step-up 0 29
Stock-based compensation expense 181 107
Pretax gain on sale of product lines and investment (gains) losses 122 (215)
Change in trade accounts receivable, net (145) (71)
Change in inventories (668) (292)
Change in trade accounts payable (11) (70)
Change in prepaid expenses and other assets (99) 143
Change in accrued expenses and other liabilities 66 (68)
Net cash provided by operating activities from continuing operations 3,968 3,991
Cash flows from investing activities:    
Cash paid for acquisitions (77) (1,065)
Payments for additions to property, plant and equipment (546) (556)
Proceeds from sales of property, plant and equipment 9 13
Payments for purchases of investments (328) (552)
Proceeds from sales of investments 17 56
Proceeds from sale of product lines 0 26
All other investing activities 22 18
Total cash used in investing activities for continuing operations (903) (2,060)
Cash flows from financing activities:    
(Payments for) proceeds from the issuance of common stock in connection with stock-based compensation, net (23) 25
Payment of dividends (411) (360)
Net (repayments of) proceeds from borrowings (maturities of 90 days or less) (669) 13
Net repayments of borrowings (maturities longer than 90 days) (265) (279)
All other financing activities (66) 13
Total cash used in financing activities for continuing operations (1,434) (588)
Effect of exchange rate changes on cash and equivalents (233) (56)
Net change in cash and equivalents 1,398 1,287
Beginning balance of cash and equivalents 2,586 6,035
Ending balance of cash and equivalents 3,984 7,322
Supplemental disclosures:    
Cash interest payments 167 150
Cash income tax payments $ 625 $ 568