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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Operating activities    
Net income $ 3,130 $ 2,885
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 532 562
Amortization of acquisition-related intangible assets 859 1,065
Change in deferred income taxes (601) (607)
Stock-based compensation 156 154
Other net non-cash expenses 198 157
Changes in assets and liabilities, excluding the effects of acquisitions (2,151) (1,003)
Net cash provided by operating activities 2,122 3,211
Investing activities    
Purchases of property, plant and equipment (656) (648)
Proceeds from sale of property, plant and equipment 13 20
Proceeds from cross-currency interest rate swap interest settlements 134 111
Purchases of investments (311) (1,778)
Other investing activities, net 6 12
Net cash used in investing activities (815) (2,283)
Financing activities    
Net proceeds from issuance of debt 2,840 1,204
Repayment of debt (1,625) 0
Purchases of company common stock (2,000) (3,000)
Dividends paid (311) (284)
Other financing activities, net 3 145
Net cash used in financing activities (1,093) (1,936)
Exchange rate effect on cash 348 7
Increase (decrease) in cash, cash equivalents and restricted cash 563 (1,000)
Cash, cash equivalents and restricted cash at beginning of period 4,040 8,097
Cash, cash equivalents and restricted cash at end of period $ 4,603 $ 7,097