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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net earnings $ 1,088 $ 1,450
Less: earnings from discontinued operations, net of income taxes 0 (210)
Net earnings from continuing operations 1,088 1,240
Noncash items:    
Depreciation 179 163
Amortization of intangible assets 407 372
Amortization of acquisition-related inventory fair value step-up 25 0
Stock-based compensation expense 60 70
Investment (gains) losses 37 (22)
Change in trade accounts receivable, net 516 630
Change in inventories (118) (255)
Change in trade accounts payable (74) (195)
Change in prepaid expenses and other assets (21) 39
Change in accrued expenses and other liabilities (360) (236)
Total operating cash provided by continuing operations 1,739 1,806
Total operating cash provided by discontinued operations 0 141
Net cash provided by operating activities 1,739 1,947
Cash flows from investing activities:    
Payments for additions to property, plant and equipment (291) (266)
Payments for purchases of investments (53) (43)
Proceeds from sales of investments 9 1
All other investing activities 14 13
Total cash used in investing activities (321) (295)
Total investing cash used in discontinued operations 0 (9)
Total cash used in investing activities (321) (304)
Cash flows from financing activities:    
Payments for the issuance of common stock in connection with stock-based compensation, net (1) (34)
Payment of dividends (177) (204)
Net proceeds from (repayments of) borrowings (maturities of 90 days or less) 68 (4)
All other financing activities (23) (20)
Total cash used in financing activities (133) (262)
Effect of exchange rate changes on cash and equivalents (118) 3
Net change in cash and equivalents 1,167 1,384
Beginning balance of cash and equivalents 5,864 5,995
Ending balance of cash and equivalents 7,031 7,379
Supplemental disclosures:    
Cash interest payments 42 82
Cash income tax payments $ 222 $ 228