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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Operating Activities      
Net income $ 977 $ 1,344 $ 1,254
Adjustments to reconcile net income to operating cash flows      
Depreciation and amortization 484 516 481
Postretirement benefit plan expense (benefit) (89) 170 (427)
Deferred income taxes 47 46 (58)
Stock compensation 56 59 66
Multi-employer pension plan exit liability 132 7 26
Gain from unconsolidated entities, net 0 (200) 0
Noncurrent income taxes payable (35) (23) 144
Other (1) (47) 1
Tax payment related to divestiture (255) 0 0
Postretirement benefit plan contributions (28) (287) (44)
Changes in operating assets and liabilities, net of acquisitions:      
Trade receivables (145) 76 (1,300)
Inventories 2 (86) 80
Accounts payable (9) 115 193
All other current assets and liabilities 40 (154) (13)
Net cash provided by (used in) operating activities 1,176 1,536 403
Investing activities      
Additions to properties (586) (578) (501)
Collections of deferred purchase price on securitized trade receivables 0 0 1,243
Acquisitions, net of cash acquired (8) (28) (592)
Divestiture 1,332 0 0
Investments in unconsolidated entities 0 (389) 0
Acquisition of cost method investments (1) (8) (7)
Purchases of available-for-sale securities (18) 0 0
Sale of available-for-sale securities 83 0 0
Other (28) 55 6
Net cash provided by (used in) investing activities 774 (948) 149
Financing activities      
Net increase (reduction) of notes payable, with maturities less than or equal to 90 days (18) (264) 153
Issuances of notes payable, with maturities greater than 90 days 62 62 17
Reductions of notes payable, with maturities greater than 90 days (69) (23) (238)
Issuances of long-term debt 80 993 1,251
Reductions of long-term debt (1,009) (408) (632)
Debt redemption costs (17) 0 0
Net issuances of common stock 64 167 97
Common stock repurchases (220) (320) (516)
Cash dividends (769) (762) (736)
Other (9) (11) 0
Net cash provided by (used in) financing activities (1,905) (566) (604)
Effect of exchange rate changes on cash and cash equivalents 31 18 53
Increase (decrease) in cash and cash equivalents 76 40 1
Cash and cash equivalents at beginning of period 321 281 280
Cash and cash equivalents at end of period 397 321 281
Supplemental cash flow disclosures:      
Interest paid 284 280 258
Income taxes paid 537 188 352
Supplemental cash flow disclosures of non-cash investing activities:      
Beneficial interests obtained in exchange for securitized trade receivables 0 0 1,222
Additions to properties included in accounts payable $ 128 $ 162 $ 151