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
 3 Months Ended
Mar. 29, 2013
Mar. 30, 2012
OPERATING ACTIVITIES    
Consolidated net income $ 1,769 $ 2,067
Depreciation and amortization 473 447
Stock-based compensation expense 47 77
Deferred income taxes 157 (103)
Equity (income) loss - net of dividends (77) (133)
Foreign currency adjustments 184 (66)
Significant (gains) losses on sales of assets - net (1) (14)
Other operating charges 74 63
Other items 36 1
Net change in operating assets and liabilities (2,184) (1,846)
Net cash provided by operating activities 478 493
INVESTING ACTIVITIES    
Purchases of investments (3,506) (4,664)
Proceeds from disposals of investments 2,225 556
Acquisitions of businesses, equity method investments and nonmarketable securities (28) (120)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 690 11
Purchases of property, plant and equipment (498) (592)
Proceeds from disposals of property, plant and equipment 35 27
Other investing activities (136) (101)
Net cash provided by (used in) investing activities (1,218) (4,883)
FINANCING ACTIVITIES    
Issuances of debt 12,585 11,358
Payments of debt (10,065) (8,835)
Issuances of stock 417 436
Purchases of stock for treasury (1,523) (1,079)
Dividends 0 0
Other financing activities 21 42
Net cash provided by (used in) financing activities 1,435 1,922
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 25 329
CASH AND CASH EQUIVALENTS    
Net increase (decrease) during the period 720 (2,139)
Balance at beginning of period 8,442 12,803
Balance at end of period $ 9,162 $ 10,664