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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Operating activities    
Net income $ 544 $ 455
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 240 251
Postretirement benefit plan expense (benefit) (96) (56)
Deferred income taxes (67) 7
Stock compensation 36 30
Other 30 11
Postretirement benefit plan contributions (28) (23)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (148) (159)
Inventories 63 17
Accounts payable 70 157
Accrued income taxes 0 54
Accrued interest expense (13) (2)
Accrued and prepaid advertising and promotion 56 10
Accrued salaries and wages (56) (87)
All other current assets and liabilities, net 23 (17)
Net cash provided by (used in) operating activities 654 648
Investing activities    
Additions to properties (268) (249)
Acquisitions, net of cash acquired 4 (15)
Investments in unconsolidated entities, net proceeds 6 29
Other (4) (15)
Net cash provided by (used in) investing activities (262) (250)
Financing activities    
Net issuances (reductions) of notes payable 287 (424)
Issuances of long-term debt 655 2,061
Reductions of long-term debt (626) (1,227)
Net issuances of common stock 65 233
Common stock repurchases (390) (386)
Cash dividends (363) (351)
Other 0 0
Net cash provided by (used in) financing activities (372) (94)
Effect of exchange rate changes on cash and cash equivalents 34 (24)
Increase (decrease) in cash and cash equivalents 54 280
Cash and cash equivalents at beginning of period 280 [1] 251
Cash and cash equivalents at end of period 334 531
Supplemental cash flow disclosures    
Interest paid 138 284
Income taxes paid 205 85
Supplemental cash flow dislcosures of non-cash activities [Abstract]    
Additions to properties included in accounts payable $ 82 $ 89
[1] Condensed from audited financial statements.