Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 6 Months Ended
Jun. 28, 2013
Jun. 29, 2012
OPERATING ACTIVITIES    
Consolidated net income $ 4,463 $ 4,867
Depreciation and amortization 947 955
Stock-based compensation expense 92 166
Deferred income taxes 100 53
Equity (income) loss - net of dividends (132) (143)
Foreign currency adjustments 159 (82)
Significant (gains) losses on sales of assets - net (23) (106)
Other operating charges 83 99
Other items 22 32
Net change in operating assets and liabilities (1,755) (1,663)
Net cash provided by operating activities 3,956 4,178
INVESTING ACTIVITIES    
Purchases of investments (7,077) (8,617)
Proceeds from disposals of investments 5,224 2,038
Acquisitions of businesses, equity method investments and nonmarketable securities (308) (755)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 690 11
Purchases of property, plant and equipment (1,069) (1,305)
Proceeds from disposals of property, plant and equipment 57 57
Other investing activities (225) 11
Net cash provided by (used in) investing activities (2,708) (8,560)
FINANCING ACTIVITIES    
Issuances of debt 22,779 21,964
Payments of debt (19,454) (18,101)
Issuances of stock 951 995
Purchases of stock for treasury (2,978) (2,610)
Dividends (1,249) (1,155)
Other financing activities 87 55
Net cash provided by (used in) financing activities 136 1,148
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (420) (232)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) during the period 964 (3,466)
Balance at beginning of period 8,442 12,803
Balance at end of period $ 9,406 $ 9,337