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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 29, 2024
Sep. 24, 2023
Operating activities    
Net earnings $ 4,809 $ 5,054
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 1,100 1,009
Stock-based compensation 229 221
Deferred income taxes (174) (395)
Impairment and severance charges 87 0
Changes in assets and liabilities    
Receivables, net (9) 100
Contract assets (1,041) (1,287)
Inventories (102) (224)
Accounts payable 970 1,731
Contract liabilities (139) (552)
Income taxes 66 (81)
Qualified defined benefit pension plans (2) (283)
Other, net 155 262
Net cash provided by operating activities 5,949 5,555
Investing activities    
Capital expenditures (1,103) (987)
Other, net 149 (4)
Net cash used for investing activities (954) (991)
Financing activities    
Issuance of long-term debt, net of related costs 1,980 1,975
Repayments of long-term debt (168) (115)
Repurchases of common stock (2,700) (3,000)
Dividends paid (2,281) (2,289)
Other, net (117) (131)
Net cash used for financing activities (3,286) (3,560)
Net change in cash and cash equivalents 1,709 1,004
Cash and cash equivalents at beginning of period 1,442 2,547
Cash and cash equivalents at end of period $ 3,151 $ 3,551