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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 21, 2020
Mar. 23, 2019
Operating Activities    
Net income $ 1,351 $ 1,422
Depreciation and amortization 533 498
Share-based compensation expense 61 57
Restructuring and impairment charges 38 26
Cash payments for restructuring charges (60) (52)
Pension and retiree medical plan expenses 40 47
Pension and retiree medical plan contributions (234) (260)
Deferred income taxes and other tax charges and credits 25 216
Tax Cuts and Jobs Act, Income Tax Expense (Benefit) 0 (29)
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (784) (406)
Inventories (312) (435)
Prepaid expenses and other current assets (263) (382)
Accounts payable and other current liabilities (1,419) (1,207)
Income taxes payable 204 120
Other, net 71 40
Net Cash Provided by (Used in) Operating Activities (749) (345)
Investing Activities    
Capital spending (484) (442)
Sales of property, plant and equipment 5 2
Acquisition of SodaStream, net of cash and cash equivalents acquired (9) (1,807)
Acquisitions and investments in noncontrolled affiliates (445) (56)
Short-term investments, by original maturity [Abstract]    
Short-term investments, by original maturity - three months or less, net 7 9
Other investing, net 1 (6)
Net Cash Provided by (Used in) Investing Activities (925) (2,300)
Financing Activities    
Proceeds from Issuance of Long-term Debt 6,429 1,122
Payments of long-term debt (1) (1,851)
Short-term borrowings, by original maturity    
More than three months - proceeds 164 2
More than three months - payments (2) 0
Three months or less, net 2,794 115
Cash dividends paid (1,349) (1,332)
Share repurchases - common (573) (940)
Proceeds from exercises of stock options 78 103
Withholding tax payments on RSUs and PSUs converted (76) (93)
Other financing (2) (2)
Net Cash Provided by/(Used for) Financing Activities 7,462 (2,876)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (66) 57
Cash and Cash Equivalents and Restricted Cash, Period Increase (Decrease) 5,722 (5,464)
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 5,570 10,769
Cash and Cash Equivalents and Restricted Cash, End of Period 11,292 5,305
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 148 $ 59