XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Operating activities    
Net income $ 747 $ 654
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 357 387
Postretirement benefit plan expense (benefit) (53) (68)
Deferred income taxes (26) (61)
Stock compensation 45 32
Venezuela remeasurement 11 165
Variable-interest entity impairment 0 (49)
Other (14) 35
Postretirement benefit plan contributions (29) (21)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (208) (214)
Inventories 25 1
Accounts payable 139 162
Accrued income taxes 10 11
Accrued interest expense 53 15
Accrued and prepaid advertising and promotion 66 49
Accrued salaries and wages (45) (14)
All other current assets and liabilities (57) (115)
Net cash provided by (used in) operating activities 1,021 969
Investing activities    
Additions to properties (376) (389)
Acquisitions, net of cash acquired (21) (161)
Investments in unconsolidated entities, net proceeds 27  
Payments to Acquire Interest in Joint Venture   (456)
Other (11) 43
Net cash provided by (used in) investing activities (381) (963)
Financing activities    
Net issuances (reductions) of notes payable (749) 533
Issuances of long-term debt 2,061 672
Reductions of long-term debt (1,230) (604)
Net issuances of common stock 356 196
Common stock repurchases (426) (381)
Cash dividends (533) (523)
Other 0 (3)
Net cash provided by (used in) financing activities (521) (110)
Effect of exchange rate changes on cash and cash equivalents (24) (40)
Increase (decrease) in cash and cash equivalents 95 (144)
Cash and cash equivalents at beginning of period 251 [1] 443
Cash and cash equivalents at end of period 346 299
Supplemental cash flow disclosures    
Interest paid 294 154
Income taxes paid 225 290
Capital expenditures incurred but not yet paid   27
Supplemental cash flow dislcosures of non-cash activities [Abstract]    
Additions to properties included in accounts payable $ 87 $ 110 [2]
[1] Condensed from audited financial statements.
[2] The Q3 2015 Consolidated Statement of Cash Flows has been revised to correctly eliminate the non-cash effect of accrued capital expenditures of $27 million from changes in Accounts payable, resulting in an increase in net cash provided by operating activities and changes in Additions to properties, resulting in a decrease in net cash used in investing activities. These revisions were not considered material to the previously issued Q3 2015 financial statements.