XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Operating activities    
Net income $ 455 $ 449
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 251 269
Postretirement benefit plan expense (benefit) (56) (41)
Deferred income taxes 7 (11)
Stock compensation 30 21
Venezuela remeasurement 11 152
Variable-interest entity impairment 0 (49)
Other 0 35
Postretirement benefit plan contributions (23) (17)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (159) (207)
Inventories 17 5
Accounts payable 157 154
Accrued income taxes 54 (34)
Accrued interest expense (2) (2)
Accrued and prepaid advertising and promotion 10 9
Accrued salaries and wages (87) (61)
All other current assets and liabilities (17) (91)
Net cash provided by (used in) operating activities 648 581
Investing activities    
Additions to properties (249) (258)
Acquisitions, net of cash acquired (15) (117)
Investments in unconsolidated entities, net proceeds 29 0
Other (15) 42
Net cash provided by (used in) investing activities (250) (333)
Financing activities    
Net issuances (reductions) of notes payable (424) 114
Issuances of long-term debt 2,061 672
Reductions of long-term debt (1,227) (606)
Net issuances of common stock 233 90
Common stock repurchases (386) (285)
Cash dividends (351) (347)
Other 0 5
Net cash provided by (used in) financing activities (94) (357)
Effect of exchange rate changes on cash and cash equivalents (24) (40)
Increase (decrease) in cash and cash equivalents 280 (149)
Cash and cash equivalents at beginning of period 251 [1] 443
Cash and cash equivalents at end of period 531 294
Supplemental cash flow disclosures    
Interest paid 284 114
Income taxes paid 85 240
Capital expenditures incurred but not yet paid   40
Supplemental cash flow dislcosures of non-cash activities [Abstract]    
Additions to properties included in accounts payable [2] $ 89 $ 96
[1] Condensed from audited financial statements.
[2] The Q2 2015 Consolidated Statement of Cash Flows has been revised to correctly eliminate the non-cash effect of accrued capital expenditures of $40 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 Q2 2015 financial statements.