v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2019
Sep. 28, 2018
OPERATING ACTIVITIES    
CONSOLIDATED NET INCOME $ 6,920 $ 5,549
Depreciation and amortization 965 807
Stock-based compensation expense 146 167
Deferred income taxes (326) 26
Equity (income) loss - net of dividends (336) (385)
Foreign currency adjustments 79 (169)
Significant (gains) losses on sales of assets - net (389) 541
Other operating charges 147 662
Other items 444 130
Net change in operating assets and liabilities 121 (1,638)
Net Cash Provided by (Used in) Operating Activities 7,771 5,690
INVESTING ACTIVITIES    
Purchases of investments (4,113) (6,809)
Proceeds from disposals of investments 5,674 11,079
Acquisitions of businesses, equity method investments and nonmarketable securities (5,376) (598)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 266 1,354
Purchases of property, plant and equipment (1,206) (1,048)
Proceeds from disposals of property, plant and equipment 944 97
Other investing activities (90) 33
Net Cash Provided by (Used in) Investing Activities (3,901) 4,108
FINANCING ACTIVITIES    
Issuances of debt 19,598 21,422
Payments of debt (21,716) (23,595)
Issuances of stock 923 891
Purchases of stock for treasury (690) (1,596)
Payments of Dividends (3,419) (3,321)
Other financing activities (33) (184)
Net Cash Provided by (Used in) Financing Activities (5,337) (6,383)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (75) (249)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period (1,542) 3,166
Balance at beginning of period 9,318 6,373
Balance at end of period 7,776 9,539
Less: Restricted Cash and Restricted Cash Equivalents at end of period 245 318
Cash and cash equivalents $ 7,531 $ 9,221

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