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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Operating activities    
Net income $ 175 $ 227
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 115 131
Postretirement benefit plan expense (benefit) (28) (21)
Deferred income taxes 0 (2)
Stock compensation 15 10
Venezuela remeasurement 6 0
Variable-interest entity impairment 0 25
Other (33) 22
Postretirement benefit plan contributions (17) (12)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (201) (240)
Inventories 49 70
Accounts payable 89 92
Accrued income taxes (13) 33
Accrued interest expense 12 17
Accrued and prepaid advertising, promotion and trade allowances 12 (12)
Accrued salaries and wages (113) (88)
All other current assets and liabilities (63) (92)
Net cash provided by (used in) operating activities 5 160
Investing activities    
Additions to properties (144) (148)
Acquisitions, net of cash acquired (18) (117)
Other 7 3
Net cash provided by (used in) investing activities (155) (262)
Financing activities    
Net issuances (reductions) of notes payable (485) (19)
Issuances of long-term debt 1,382 672
Reductions of long-term debt (473) (243)
Net issuances of common stock 164 57
Common stock repurchases (198) (285)
Cash dividends (176) (174)
Other 0 5
Net cash provided by (used in) financing activities 214 13
Effect of exchange rate changes on cash and cash equivalents (5) (5)
Increase (decrease) in cash and cash equivalents 59 (94)
Cash and cash equivalents at beginning of period 251 [1] 443
Cash and cash equivalents at end of period 310 349
Supplemental cash flow disclosures    
Interest paid 199 40
Income taxes paid 59 50
Supplemental cash flow dislcosures of non-cash activities [Abstract]    
Additions to properties included in accounts payable [2] $ 88 71
Capital expenditures incurred but not yet paid   $ 65
[1] Condensed from audited financial statements.
[2] The Q1 2015 Consolidated Statement of Cash Flows has been revised to correctly eliminate the non-cash effect of accrued capital expenditures of $65 million from Changes in accounts payable, resulting in an increase in net cash provided by operations and from Additions to properties, resulting in an increase in net cash provided by investing activities. These revisions were not considered material to the previously issued Q1 2015 financial statements.