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, unless otherwise specified
 6 Months Ended
Jun. 29, 2012
Jul. 01, 2011
OPERATING ACTIVITIES    
Consolidated net income $ 4,867 $ 4,723
Depreciation and amortization 955 957
Stock-based compensation expense 166 181
Deferred income taxes 53 182
Equity (income) loss - net of dividends (143) (26)
Foreign currency adjustments (82) 88
Significant (gains) losses on sales of assets - net (106) (109)
Other operating charges 99 217
Other items 32 (399)
Net change in operating assets and liabilities (1,663) (2,172)
Net cash provided by operating activities 4,178 3,642
INVESTING ACTIVITIES    
Purchases of short-term investments (4,843) (3,901)
Proceeds from disposals of short-term investments 1,092 2,908
Acquisitions and investments (756) (260)
Purchases of other investments (3,778) (7)
Proceeds from disposals of bottling companies and other investments 957 395
Purchases of property, plant and equipment (1,305) (1,190)
Proceeds from disposals of property, plant and equipment 57 46
Other investing activities 16 (319)
Net cash provided by (used in) investing activities (8,560) (2,328)
FINANCING ACTIVITIES    
Issuances of debt 21,964 12,699
Payments of debt (18,101) (9,963)
Issuances of stock 995 802
Purchases of stock for treasury (2,610) (1,371)
Dividends (1,155) (2,143)
Other financing activities 55 6
Net cash provided by (used in) financing activities 1,148 30
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (232) 305
CASH AND CASH EQUIVALENTS    
Net increase (decrease) during the period (3,466) 1,649
Balance at beginning of period 12,803 8,517
Balance at end of period $ 9,337 $ 10,166