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
 3 Months Ended
Mar. 31, 2017
Apr. 01, 2016
OPERATING ACTIVITIES    
Consolidated net income $ 1,184 $ 1,493
Depreciation and amortization 328 458
Stock-based compensation expense 55 69
Deferred income taxes (34) (81)
Equity (income) loss - net of dividends (89) (79)
Foreign currency adjustments 72 93
Significant (gains) losses on sales of assets - net 497 362
Other operating charges 269 142
Other items 16 (173)
Net change in operating assets and liabilities (1,510) (1,680)
Net cash provided by operating activities 788 604
INVESTING ACTIVITIES    
Purchases of investments (3,551) (4,763)
Proceeds from disposals of investments 4,176 6,010
Acquisitions of businesses, equity method investments and nonmarketable securities (337) (688)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 1,430 291
Purchases of property, plant and equipment (442) (536)
Proceeds from disposals of property, plant and equipment 18 29
Other investing activities (255) 5
Net cash provided by (used in) investing activities 1,039 348
FINANCING ACTIVITIES    
Issuances of debt 11,704 8,530
Payments of debt (9,223) (6,783)
Issuances of stock 394 763
Purchases of stock for treasury (1,304) (739)
Dividends 0 (1,505)
Other financing activities (36) 133
Net cash provided by (used in) financing activities 1,535 399
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 203 88
CASH AND CASH EQUIVALENTS    
Net increase (decrease) during the period 3,565 1,439
Balance at beginning of period 8,555 7,309
Balance at end of period $ 12,120 $ 8,748