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Consolidated Statement of Cash Flows (USD $)
In Millions
6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Operating activities    
Net income $ 707 $ 718
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 175 178
Deferred income taxes (1) (52)
Other 25 73
Postretirement benefit plan contributions (183) (36)
Changes in operating assets and liabilities:    
Trade receivables (285) (84)
Inventories 39 25
Accounts payable 59 (1)
Accrued income taxes 122 (22)
Accrued interest expense (18) (1)
Accrued and prepaid advertising, promotion and trade allowances 6 (31)
Accrued salaries and wages 51 (135)
All other current assets and liabilities (51) (39)
Net cash provided by operating activities 646 593
Investing activities    
Additions to properties (243) (147)
Other 5 2
Net cash used in investing activities (238) (145)
Financing activities    
Net issuances of notes payable 687 110
Issuances of long-term debt 397 0
Reductions of long-term debt (946) (1)
Net issuances of common stock 249 148
Common stock repurchases (518) (266)
Cash dividends (296) (286)
Other 10 6
Net cash used in financing activities (417) (289)
Effect of exchange rate changes on cash and cash equivalents 22 (22)
Increase in cash and cash equivalents 13 137
Cash and cash equivalents at beginning of period 444 [1] 334
Cash and cash equivalents at end of period $ 457 $ 471
[1] * Condensed from audited financial statements.