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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 13, 2020
Jun. 15, 2019
Operating Activities    
Net income $ 3,009 $ 3,465
Depreciation and amortization 1,122 1,056
Share-based compensation expense 101 118
Restructuring and impairment charges 63 184
Cash payments for restructuring charges (109) (153)
Pension and retiree medical plan expenses 80 98
Pension and retiree medical plan contributions (293) (317)
Deferred income taxes and other tax charges and credits 109 221
Tax Cuts and Jobs Act, Income Tax Expense (Benefit) 0 (29)
Tax payments related to the TCJ Act 0 (393)
Change in assets and liabilities [Abstract]    
Accounts and notes receivable (1,101) (1,372)
Inventories (827) (872)
Prepaid expenses and other current assets (251) (336)
Accounts payable and other current liabilities (1,336) (521)
Income taxes payable 448 202
Other, net 447 37
Net Cash Provided by (Used in) Operating Activities 1,462 1,388
Investing Activities    
Capital spending (1,188) (1,167)
Sales of property, plant and equipment 18 42
Payments to Acquire Businesses and Interest in Affiliates (5,649) (2,424)
Proceeds from Divestiture of Businesses and Interests in Affiliates 4 270
Short-term investments, by original maturity [Abstract]    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 0 4
Proceeds from Sale of Available-for-sale Securities 0 2
Three months or less, net 18 8
Other investing, net 35 (6)
Net Cash Provided by (Used in) Investing Activities (6,762) (3,271)
Financing Activities    
Proceeds from Issuance of Long-term Debt 10,564 1,122
Payments of long-term debt (752) (2,953)
Short-term borrowings, by original maturity    
More than three months - proceeds 3,663 6
More than three months - payments (1,176) 0
Three months or less, net 461 652
Cash dividends paid (2,677) (2,635)
Share repurchases - common (1,137) (1,726)
Proceeds from exercises of stock options 120 210
Withholding tax payments on RSUs and PSUs converted (79) (100)
Other financing (16) (15)
Net Cash Provided by/(Used for) Financing Activities 8,971 (5,439)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (252) 24
Cash and Cash Equivalents and Restricted Cash, Period Increase (Decrease) 3,419 (7,298)
Cash and Cash Equivalents and Restricted Cash, Beginning of Year 5,570 10,769
Cash and Cash Equivalents and Restricted Cash, End of Period 8,989 3,471
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 302 $ 170