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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Operating activities    
Net income $ 577 $ 1,043
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 243 234
Postretirement benefit plan expense (benefit) (65) (86)
Deferred income taxes 23 69
Stock compensation 29 30
Gain on unconsolidated entities, net 0 (200)
Other 1 (67)
Postretirement benefit plan contributions (12) (274)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (239) (83)
Inventories (6) (38)
Accounts payable 29 64
All other current assets and liabilities (60) (245)
Net cash provided by (used in) operating activities 520 447
Investing activities    
Additions to properties (294) (270)
Acquisitions, net of cash acquired (8) (28)
Investments in unconsolidated entities 0 (388)
Acquisition of cost method investments 0 (4)
Purchases of available for sale securities (16) 0
Sales of available for sale securities 16 0
Other (25) 29
Net cash provided by (used in) investing activities (327) (661)
Financing activities    
Net issuances (reductions) of notes payable 391 (76)
Issuances of long-term debt 28 993
Reductions of long-term debt 0 (401)
Net issuances of common stock 12 70
Common stock repurchases (220) (50)
Cash dividends (380) (374)
Other (8) 0
Net cash provided by (used in) financing activities (177) 162
Effect of exchange rate changes on cash and cash equivalents 3 28
Increase (decrease) in cash and cash equivalents 19 (24)
Cash and cash equivalents at beginning of period 321 281
Cash and cash equivalents at end of period 340 257
Supplemental cash flow disclosures    
Interest paid 154 151
Income taxes paid 157 76
Supplemental cash flow disclosures of non-cash investing activities    
Additions to properties included in accounts payable $ 100 $ 77