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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
OPERATING ACTIVITIES    
Consolidated Net Income $ 7,515 $ 7,354
Depreciation and amortization 953 1,111
Stock-based compensation expense 273 236
Deferred income taxes (135) 726
Equity (income) loss — net of dividends (767) (621)
Foreign currency adjustments 176 (5)
Significant (gains) losses — net 25 (498)
Other operating charges 1,070 243
Other items 217 517
Net change in operating assets and liabilities (1,259) 168
Net Cash Provided by Operating Activities 8,068 9,231
INVESTING ACTIVITIES    
Purchases of investments (3,169) (4,732)
Proceeds from disposals of investments 3,049 5,294
Acquisitions of businesses, equity method investments and nonmarketable securities (40) (11)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 229 1,950
Purchases of property, plant and equipment (776) (728)
Proceeds from disposals of property, plant and equipment 46 65
Collateral (paid) received associated with hedging activities — net (1,449) 0
Other investing activities (79) 81
Net Cash Provided by (Used in) Investing Activities (2,189) 1,919
FINANCING ACTIVITIES    
Issuances of debt 4,351 11,848
Payments of debt (3,761) (13,037)
Issuances of stock 707 493
Purchases of stock for treasury (1,412) (104)
Dividends (3,910) (5,437)
Other financing activities (1,053) (354)
Net Cash Provided by (Used in) Financing Activities (5,078) (6,591)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (392) (56)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 409 4,503
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 10,025 7,110
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at End of Period 10,434 11,613
Restricted Cash and Cash Equivalents 307 312
Cash and cash equivalents $ 10,127 $ 11,301

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