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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Operating Activities    
Net income $ 1,372.8 $ 1,293.2
Loss (income) from discontinued operations 1.2 (1.7)
Income from continuing operations 1,374.0 1,291.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,263.7 1,256.1
Change in deferred income taxes (285.9) (583.8)
Net gains on sale of businesses (7.6) (894.4)
Non-cash stock-based compensation 91.8 86.6
Tax benefits from stock-based compensation awards (55.6) (61.1)
Non-cash charges for sale of inventories revalued at the date of acquisition 0.7 303.1
Other non-cash expenses, net 39.5 27.8
Changes in assets and liabilities, excluding the effects of acquisitions and dispositions:    
Accounts receivable (145.9) (117.3)
Inventories (175.3) (109.1)
Other assets (213.7) 205.8
Accounts payable (26.9) (3.3)
Other liabilities (236.3) 304.8
Contributions to retirement plans (25.7) (37.3)
Net cash provided by continuing operations 1,596.8 1,669.4
Net cash used in discontinued operations (8.0) (3.5)
Net cash provided by operating activities 1,588.8 1,665.9
Investing Activities    
Acquisitions, net of cash acquired (306.0) (13,056.1)
Proceeds from sale of businesses, net of cash divested 0.0 1,520.0
Purchase of property, plant and equipment (293.5) (270.9)
Proceeds from sale of property, plant and equipment 7.5 19.7
Proceeds from sale of investments 9.8 84.4
Decrease in restricted cash 7.9 50.2
Other investing activities, net (1.7) (4.0)
Net cash used in investing activities (576.0) (11,656.7)
Financing Activities    
Net proceeds from issuance of long-term debt 542.8 4,999.6
Repayment of long-term obligations (2,481.0) (3,430.3)
Increase in commercial paper, net 725.5 212.2
Decrease in short-term notes payable 0.0 (28.2)
Purchases of company common stock (500.0) 0.0
Dividends paid (180.7) (174.8)
Net proceeds from issuance of company common stock 0.0 2,942.0
Net proceeds from issuance of company common stock under employee stock plans 96.6 132.7
Tax benefits from stock-based compensation awards 55.6 61.1
Other financing activities, net (5.9) (7.5)
Net cash (used in) provided by financing activities (1,747.1) 4,706.8
Exchange Rate Effect on Cash (105.8) (7.7)
Decrease in Cash and Cash Equivalents (840.1) (5,291.7)
Cash and Cash Equivalents at Beginning of Period 1,343.5 5,826.0
Cash and Cash Equivalents at End of Period $ 503.4 $ 534.3