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. 29, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Consolidated net income $ 4,000 $ 6,003
Depreciation and amortization 926 1,323
Stock-based compensation expense 167 191
Deferred income taxes 606 (98)
Equity (income) loss - net of dividends (559) (417)
Foreign currency adjustments 322 193
Significant (gains) losses on sales of assets - net 942 364
Other operating charges 918 277
Other items (9) (205)
Net change in operating assets and liabilities (1,395) (908)
Net cash provided by operating activities 5,918 6,723
INVESTING ACTIVITIES    
Purchases of investments (12,925) (12,733)
Proceeds from disposals of investments 12,161 13,210
Acquisitions of businesses, equity method investments and nonmarketable securities (538) (767)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 2,790 745
Purchases of property, plant and equipment (1,194) (1,561)
Proceeds from disposals of property, plant and equipment 72 92
Other investing activities (122) (319)
Net cash provided by (used in) investing activities 244 (1,333)
FINANCING ACTIVITIES    
Issuances of debt 24,899 22,667
Payments of debt (22,424) (20,406)
Issuances of stock 1,320 1,295
Purchases of stock for treasury (3,087) (2,509)
Dividends (3,165) (3,028)
Other financing activities (42) 198
Net cash provided by (used in) financing activities (2,499) (1,783)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 310 231
CASH AND CASH EQUIVALENTS    
Net increase (decrease) during the period 3,973 3,838
Balance at beginning of period 8,555 7,309
Balance at end of period $ 12,528 $ 11,147