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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Operating activities    
Net income $ 262 $ 175
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 121 115
Postretirement benefit plan expense (benefit) (56) (28)
Deferred income taxes (67) 0
Stock compensation 17 15
Other 30 (27)
Postretirement benefit plan contributions (24) (17)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (192) (201)
Inventories 58 49
Accounts payable 11 89
Accrued income taxes 92 (13)
Accrued interest expense 48 12
Accrued and prepaid advertising and promotion 18 12
Accrued salaries and wages (71) (113)
All other current assets and liabilities (36) (63)
Net cash provided by (used in) operating activities 211 5
Investing activities    
Additions to properties (130) (144)
Acquisitions, net of cash acquired 0 (18)
Other (1) 7
Net cash provided by (used in) investing activities (131) (155)
Financing activities    
Net issuances (reductions) of notes payable 191 (485)
Issuances of long-term debt 0 1,382
Reductions of long-term debt (1) (473)
Net issuances of common stock 40 164
Common stock repurchases (125) (198)
Cash dividends (182) (176)
Other 0 0
Net cash provided by (used in) financing activities (77) 214
Effect of exchange rate changes on cash and cash equivalents 15 (5)
Increase (decrease) in cash and cash equivalents 18 59
Cash and cash equivalents at beginning of period 280 [1] 251
Cash and cash equivalents at end of period 298 310
Supplemental cash flow disclosures    
Interest paid 16 199
Income taxes paid 16 59
Supplemental cash flow dislcosures of non-cash activities [Abstract]    
Additions to properties included in accounts payable $ 106 $ 88
[1] Condensed from audited financial statements.