Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2016
Oct. 02, 2015
OPERATING ACTIVITIES    
Consolidated net income $ 6,003 $ 6,130
Depreciation and amortization 1,323 1,443
Stock-based compensation expense 191 171
Deferred income taxes (98) 212
Equity (income) loss - net of dividends (417) (150)
Foreign currency adjustments 193 (76)
Significant (gains) losses on sales of assets - net 364 (550)
Other operating charges 277 697
Other items (205) 859
Net change in operating assets and liabilities (908) (346)
Net cash provided by operating activities 6,723 8,390
INVESTING ACTIVITIES    
Purchases of investments (12,733) (12,006)
Proceeds from disposals of investments 13,210 10,403
Acquisitions of businesses, equity method investments and nonmarketable securities (767) (2,489)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 745 416
Purchases of property, plant and equipment (1,561) (1,670)
Proceeds from disposals of property, plant and equipment 92 50
Other investing activities (319) (117)
Net cash provided by (used in) investing activities (1,333) (5,413)
FINANCING ACTIVITIES    
Issuances of debt 22,667 34,298
Payments of debt (20,406) (30,159)
Issuances of stock 1,295 732
Purchases of stock for treasury (2,509) (1,966)
Dividends (3,028) (4,313)
Other financing activities 198 230
Net cash provided by (used in) financing activities (1,783) (1,178)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 231 (774)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) during the period 3,838 1,025
Balance at beginning of period 7,309 8,958
Balance at end of period $ 11,147 $ 9,983