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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Operating activities    
Net earnings $ 3,343 $ 3,124
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 608 565
Stock-based compensation 115 104
Equity method investment impairment 128 0
Gain on property sale 0 (51)
Changes in assets and liabilities    
Receivables, net (498) (102)
Contract assets (727) (916)
Inventories 98 (602)
Accounts payable 191 237
Contract liabilities 427 275
Postretirement benefit plans (77) 552
Income taxes 473 112
Other, net 415 33
Net cash provided by operating activities 4,496 3,331
Investing activities    
Capital expenditures (636) (533)
Other, net 4 25
Net cash used for investing activities (632) (508)
Financing activities    
Dividends paid (1,364) (1,260)
Repurchases of common stock (1,015) (500)
Issuance of long-term debt, net of related costs 1,131 0
Repayments of current and long-term debt (1,150) 0
Repayments of commercial paper, net 0 (600)
Other, net (125) (68)
Net cash used for financing activities (2,523) (2,428)
Net change in cash and cash equivalents 1,341 395
Cash and cash equivalents at beginning of period 1,514 772
Cash and cash equivalents at end of period $ 2,855 $ 1,167