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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Operating Activities    
Net Income $ 1,934 $ 1,331
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 275 261
Amortization of acquisition-related intangible assets 851 885
Change in deferred income taxes (392) (99)
Gain on sale of business (505) 0
Non-cash stock-based compensation 96 91
Other non-cash expenses, net 48 63
Changes in assets and liabilities, excluding the effects of acquisitions and disposition:    
Accounts receivable 5 (97)
Inventories (273) (195)
Other assets (179) (296)
Accounts payable (202) (20)
Other liabilities 319 (359)
Contributions to retirement plans (34) (43)
Net cash provided by operating activities 1,943 1,522
Investing Activities    
Acquisitions, net of cash acquired (1,686) (59)
Proceeds from sale of business, net of cash divested 1,126 0
Purchase of property, plant and equipment (421) (301)
Proceeds from sale of property, plant and equipment 12 3
Other investing activities, net 19 (7)
Net cash used in investing activities (950) (364)
Financing Activities    
Repayment of debt (3) (1,353)
Proceeds from issuance of commercial paper 1,895 2,761
Repayments of commercial paper (1,855) (2,655)
Purchases of company common stock (750) 0
Dividends paid (144) (129)
Net proceeds from issuance of company common stock under employee stock plans 122 78
Other financing activities 0 (50)
Net cash (used in) provided by financing activities (735) (1,348)
Exchange Rate Effect on Cash (61) (215)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 197 (405)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 2,117 1,361
Cash, Cash Equivalents and Restricted Cash at End of Period $ 2,314 $ 956