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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating activities    
Net income $ 1,511 $ 1,331
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 276 285
Amortization of acquisition-related intangible assets 429 551
Change in deferred income taxes (279) (253)
Stock-based compensation 75 70
Other net non-cash expenses 135 53
Changes in assets and liabilities, excluding the effects of acquisitions (1,425) (787)
Net cash provided by operating activities 723 1,251
Investing activities    
Purchases of property, plant and equipment (362) (347)
Proceeds from sale of property, plant and equipment 12 4
Proceeds from cross-currency interest rate swap interest settlements 87 64
Purchases of investments (264) (1,758)
Other investing activities, net 1 7
Net cash used in investing activities (527) (2,030)
Financing activities    
Net proceeds from issuance of debt 2,840 1,205
Repayment of debt (838) 0
Purchases of company common stock (2,000) (3,000)
Dividends paid (149) (135)
Other financing activities, net 45 110
Net cash used in financing activities (102) (1,821)
Exchange rate effect on cash 37 22
Increase (decrease) in cash, cash equivalents and restricted cash 132 (2,578)
Cash, cash equivalents and restricted cash at beginning of period 4,040 8,097
Cash, cash equivalents and restricted cash at end of period $ 4,172 $ 5,519