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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Operating activities    
Net income $ 5,386 $ 6,069
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 730 614
Amortization of acquisition-related intangible assets 1,803 1,295
Change in deferred income taxes (862) (455)
Loss on early extinguishment of debt 26 197
Stock-based compensation 232 153
Other non-cash expenses, net 443 192
Changes in assets and liabilities, excluding the effects of acquisitions (2,091) (1,210)
Net cash provided by operating activities 5,667 6,855
Investing activities    
Acquisitions, net of cash acquired (39) (1,519)
Purchase of property, plant and equipment (1,693) (1,692)
Proceeds from sale of property, plant and equipment 18 9
Other investing activities, net 80 (38)
Net cash used in investing activities (1,634) (3,240)
Financing activities    
Net proceeds from issuance of debt 0 3,122
Repayment of debt (375) (2,803)
Proceeds from issuance of commercial paper 1,231 0
Repayments of commercial paper (3,690) 0
Purchases of company common stock (2,000) (2,000)
Dividends paid (338) (292)
Net proceeds from issuance of company common stock under employee stock plans 57 101
Other financing activities, net (86) (14)
Net cash used in financing activities (5,201) (1,886)
Exchange rate effect on cash (389) (17)
(Decrease) increase in cash, cash equivalents and restricted cash (1,557) 1,712
Cash, cash equivalents and restricted cash at beginning of period 4,491 10,336
Cash, cash equivalents and restricted cash at end of period $ 2,934 $ 12,048