XML 19 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2016
Sep. 27, 2015
Operating Activities    
Net income before allocation to noncontrolling interests [1],[2],[3] $ 6,380 $ 7,155
Adjustments to reconcile net income before allocation to noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization [2] 4,208 3,733
Asset write-offs and impairments [2] 1,146 864
Write-down of HIS net assets to fair value less estimated costs to sell [2],[4] 1,422 0
Deferred taxes from continuing operations [2] (1,335) (165)
Share-based compensation expense [2] 532 488
Benefit plan contributions in excess of expense [2] (775) (804)
Other adjustments, net [2] 68 (184)
Other changes in assets and liabilities, net of acquisitions and divestitures [2] (1,718) (1,297)
Net cash provided by operating activities [2] 9,929 9,790
Investing Activities    
Purchases of property, plant and equipment [2] (1,134) (786)
Purchases of short-term investments [2] (15,170) (21,068)
Proceeds from redemptions/sales of short-term investments [2] 20,685 33,609
Net proceeds from redemptions/sales of short-term investments with original maturities of three months or less [2] 6,485 5,557
Purchases of long-term investments [2] (4,771) (6,578)
Proceeds from redemptions/sales of long-term investments [2] 6,915 4,535
Acquisitions of businesses, net of cash acquired [2] (17,679) (16,322)
Acquisitions of intangible assets [2] (96) (48)
Other investing activities, net [2] 60 346
Net cash used in investing activities [2] (4,704) (756)
Financing Activities    
Proceeds from short-term borrowings [2] 6,397 2,022
Principal payments on short-term borrowings [2] (3,321) (16)
Net proceeds from/(payments on) short-term borrowings with original maturities of three months or less [2] (963) 1,907
Proceeds from issuance of long-term debt [2] 5,031 0
Principal payments on long-term debt [2] (4,317) (2,994)
Purchases of common stock [2] (5,000) (6,160)
Cash dividends paid [2] (5,496) (5,211)
Proceeds from exercise of stock options [2] 946 1,165
Other financing activities, net [2] 29 171
Net cash used in financing activities [2] (6,693) (9,115)
Effect of exchange-rate changes on cash and cash equivalents [2] (79) (162)
Net decrease in cash and cash equivalents [2] (1,547) (244)
Cash and cash equivalents, beginning [2] 3,641 [5] 3,343
Cash and cash equivalents, end [2] 2,094 [5] 3,099
Cash paid during the period for:    
Income taxes [2] 1,430 1,414
Interest [2] $ 1,177 $ 1,162
[1] Amounts may not add due to rounding.
[2] Amounts may not add due to rounding.
[3] Amounts may not add due to rounding.
[4] In the third quarter and first nine months of 2016, represents a charge related to the write-down of the HIS net assets to fair value less estimated costs to sell. In October 2016, ICU Medical and Pfizer announced that they entered into a definitive agreement under which ICU Medical will acquire all of Pfizer’s global infusion therapy net assets, HIS, for approximately $1 billion in cash and ICU Medical stock. HIS includes IV pumps, solutions and devices. See Note 2B for additional information.
[5] Amounts may not add due to rounding.