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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Operating activities    
Net earnings $ 3,186 $ 3,370
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 710 659
Stock-based compensation 154 146
Deferred income taxes (145) (234)
Impairment and severance charges 87 0
Changes in assets and liabilities    
Receivables, net (798) (922)
Contract assets (724) (690)
Inventories 35 (410)
Accounts payable 1,052 1,397
Contract liabilities (9) (304)
Income taxes 21 (46)
Qualified defined benefit pension plans (1) (189)
Other, net (57) (113)
Net cash provided by operating activities 3,511 2,664
Investing activities    
Capital expenditures (748) (623)
Other, net 4 30
Net cash used for investing activities (744) (593)
Financing activities    
Issuance of long-term debt, net of related costs 1,980 1,975
Repayments of long-term debt (168) 0
Repurchases of common stock (1,850) (1,250)
Dividends paid (1,532) (1,542)
Other, net (116) (128)
Net cash used for financing activities (1,686) (945)
Net change in cash and cash equivalents 1,081 1,126
Cash and cash equivalents at beginning of period 1,442 2,547
Cash and cash equivalents at end of period $ 2,523 $ 3,673