v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2020
Mar. 29, 2019
OPERATING ACTIVITIES    
CONSOLIDATED NET INCOME $ 2,795 $ 1,703
Depreciation and amortization 367 275
Stock-based compensation expense (5) 40
Deferred income taxes (122) 122
Equity (income) loss - net of dividends (157) (120)
Foreign currency adjustments (59) (39)
Significant (gains) losses on sales of assets - net (919) 87
Other Operating Activities, Cash Flow Statement 190 55
Other items 235 147
Net change in operating assets and liabilities (1,769) (1,482)
Net Cash Provided by (Used in) Operating Activities 556 788
INVESTING ACTIVITIES    
Purchases of investments (1,455) (1,062)
Proceeds from disposals of investments 1,603 1,994
Acquisitions of businesses, equity method investments and nonmarketable securities (984) (5,322)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 36 261
Purchases of property, plant and equipment (327) (388)
Proceeds from disposals of property, plant and equipment 91 27
Other investing activities (48) 31
Net Cash Provided by (Used in) Investing Activities (1,084) (4,459)
FINANCING ACTIVITIES    
Issuances of debt 12,563 10,256
Payments of debt (4,833) (9,652)
Issuances of stock 413 190
Purchases of stock for treasury (94) (397)
Other financing activities (239) 24
Net Cash Provided by (Used in) Financing Activities 7,810 421
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (54) 56
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 7,228 (3,194)
Balance at beginning of period 6,737 9,318
Balance at end of period 13,965 6,124
Less: Restricted Cash and Restricted Cash Equivalents at end of period 404 276
Cash and cash equivalents $ 13,561 $ 5,848

Source