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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Operating activities    
Net income $ 1,656 $ 1,511
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 306 276
Amortization of acquisition-related intangible assets 430 429
Change in deferred income taxes (258) (279)
Stock-based compensation 83 75
Other net non-cash expenses 88 135
Changes in assets and liabilities, excluding the effects of acquisitions (1,112) (1,425)
Net cash provided by operating activities 1,192 723
Investing activities    
Purchases of property, plant and equipment (376) (362)
Proceeds from sale of property, plant and equipment 9 12
Proceeds from cross-currency interest rate swap interest settlements 96 87
Acquisitions, net of cash acquired (8,872) 0
Purchases of investments (14) (264)
Proceeds from sales and maturities of investments 250 2
Other investing activities, net (55) (1)
Net cash used in investing activities (8,961) (527)
Financing activities    
Net proceeds from issuance of debt 5,238 2,840
Repayment of debt (1,412) (838)
Proceeds from issuance of commercial paper 389 0
Purchases of company common stock (3,000) (2,000)
Dividends paid (162) (149)
Other financing activities, net 39 45
Net cash provided by (used in) financing activities 1,093 (102)
Exchange rate effect on cash 78 37
Increase/(decrease) in cash, cash equivalents and restricted cash (6,599) 132
Cash, cash equivalents and restricted cash at beginning of period 9,879 4,040
Cash, cash equivalents and restricted cash at end of period $ 3,280 $ 4,172