XML 54 R8.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Operating activities    
Net income $ 825 $ 1,426
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 360 374
Postretirement benefit plan expense (benefit) (158) (188)
Deferred income taxes (206) 99
Stock compensation 42 42
Multi-employer pension plan exit liability 132 0
Gain on unconsolidated entities, net 0 (200)
Other (70) (91)
Postretirement benefit plan contributions (19) (279)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (253) (139)
Inventories 16 (67)
Accounts payable 0 103
All other current assets and liabilities 256 (154)
Net cash provided by (used in) operating activities 925 926
Investing activities    
Additions to properties (436) (389)
Acquisitions, net of cash acquired (8) (28)
Divestitures 1,332 0
Investments in unconsolidated entities 0 (389)
Acquisition of cost method investments 0 (6)
Purchases of available for sale securities (18) 0
Sales of available for sale securities 83 0
Other (22) 27
Net cash provided by (used in) investing activities 931 (785)
Financing activities    
Net issuances (reductions) of notes payable 9 (198)
Issuances of long-term debt 40 993
Reductions of long-term debt (1,000) (401)
Debt redemption costs (17) 0
Net issuances of common stock 40 160
Common stock repurchases (220) (120)
Cash dividends (574) (568)
Other (9) (2)
Net cash provided by (used in) financing activities (1,731) (136)
Effect of exchange rate changes on cash and cash equivalents 7 23
Increase (decrease) in cash and cash equivalents 132 28
Cash and cash equivalents at beginning of period 321 281
Cash and cash equivalents at end of period 453 309
Supplemental cash flow disclosures    
Interest paid 180 153
Income taxes paid 211 163
Supplemental cash flow disclosures of non-cash investing activities    
Additions to properties included in accounts payable $ 93 $ 98