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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Operating Activities      
Net income $ 962 $ 1,495 $ 1,264
Adjustments to reconcile net income to operating cash flows      
Depreciation and amortization 478 467 479
Postretirement benefit plan expense (benefit) 240 (392) (77)
Deferred income taxes (46) 125 69
Stock compensation 96 68 76
Other (42) (44) (21)
Postretirement benefit plan contributions (23) (20) (32)
Changes in operating assets and liabilities, net of acquisitions:      
Trade receivables (257) (9) 75
Inventories (411) (135) (54)
Accounts payable 411 194 (9)
All other current assets and liabilities 243 (48) 216
Net cash provided by (used in) operating activities 1,651 1,701 1,986
Investing activities      
Additions to properties (488) (553) (505)
Issuance of notes receivable (22) (28) (19)
Repayments from notes receivable 10 28 14
Purchases of marketable securities 0 0 (250)
Sales of marketable securities 0 0 250
Settlement of net investment hedges 37 19 0
Investments in unconsolidated entities 0 (10) 0
Purchases of available-for-sale securities (17) (61) (81)
Sales of available-for-sale securities 19 72 19
Other 13 5 (13)
Net cash provided by (used in) investing activities (448) (528) (585)
Financing activities      
Net increase (reduction) of notes payable, with maturities less than or equal to 90 days 337 (27) (16)
Issuances of notes payable, with maturities greater than 90 days 28 73 44
Reductions of notes payable, with maturities greater than 90 days (35) (63) (34)
Issuances of long-term debt 39 361 557
Reductions of long-term debt (648) (650) (1,229)
Debt redemption costs 0 0 (20)
Net issuances of common stock 277 63 112
Common stock repurchases (300) (240) 0
Cash dividends (797) (788) (782)
Other 18 (35) (20)
Net cash provided by (used in) financing activities (1,081) (1,306) (1,388)
Effect of exchange rate changes on cash and cash equivalents (109) (16) 25
Increase (decrease) in cash and cash equivalents 13 (149) 38
Cash and cash equivalents at beginning of period 286 435 397
Cash and cash equivalents at end of period 299 286 435
Supplemental cash flow disclosures:      
Interest paid 220 213 249
Income taxes paid 312 365 281
Supplemental cash flow disclosures of non-cash investing activities:      
Additions to properties included in accounts payable $ 209 $ 162 $ 189