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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Cash flows from operating activities - continuing operations:    
Net earnings $ 2,165 $ 2,464
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation of property, plant and equipment 376 352
Amortization of intangible and finance lease right-of-use assets 267 273
Equity-based compensation expense 91 103
Deferred income tax benefit (112) (72)
(Increase) decrease in assets, net of effects of business acquisitions:    
Accounts receivable (336) 253
Unbilled receivables (239) (1,603)
Inventories (134) (646)
Increase (decrease) in liabilities, net of effects of business acquisitions:    
Accounts payable (558) (164)
Customer advances and deposits (906) (565)
Increase (Decrease) in Other Current Liabilities 360 191
Other, net 322 1
Net cash provided by operating activities 1,296 587
Cash flows from investing activities:    
Capital expenditures (622) (606)
Other, net 33 2
Net cash used by investing activities (589) (604)
Cash flows from financing activities:    
Proceeds from fixed-rate notes 3,960 0
Repayment of notes (2,000) 0
Dividends paid (925) (858)
Purchases of common stock (501) (231)
Proceeds from commercial paper, gross (maturities greater than 3 months) 420 0
Repayment of commercial paper, gross (maturities greater than 3 months) (420) 0
Proceeds from commercial paper 0 947
Other, net (134) 207
Net cash (used) provided by financing activities (100) 65
Net cash used by discontinued operations (40) (37)
Net increase in cash and equivalents 567 11
Cash and equivalents at beginning of period 902 963
Cash and equivalents at end of period 1,469 974
Supplemental cash flow information:    
Income tax payments, net (345) (487)
Interest payments (261) (271)
Floating-rate notes    
Cash flows from financing activities:    
Repayment of notes $ (500) $ 0