v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2021
Mar. 27, 2020
OPERATING ACTIVITIES    
CONSOLIDATED NET INCOME $ 2,255 $ 2,795
Depreciation and amortization 366 367
Stock-based compensation expense 58 (5)
Deferred income taxes 377 (122)
Equity (income) loss - net of dividends (250) (157)
Foreign currency adjustments (20) (59)
Significant (gains) losses on sales of assets - net 1 (919)
Other Operating Activities, Cash Flow Statement 69 190
Other items 157 235
Net change in operating assets and liabilities (1,377) (1,769)
Net Cash Provided by (Used in) Operating Activities 1,636 556
INVESTING ACTIVITIES    
Purchases of investments (1,466) (1,455)
Proceeds from disposals of investments 1,375 1,603
Acquisitions of businesses, equity method investments and nonmarketable securities (4) (984)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 2 36
Purchases of property, plant and equipment (216) (327)
Proceeds from disposals of property, plant and equipment 11 91
Other investing activities 17 (48)
Net Cash Provided by (Used in) Investing Activities (281) (1,084)
FINANCING ACTIVITIES    
Issuances of debt 5,588 12,563
Payments of debt (3,044) (4,833)
Issuances of stock 183 413
Purchases of stock for treasury (104) (94)
Payments of Dividends (1,810) 0
Other financing activities (449) (239)
Net Cash Provided by (Used in) Financing Activities 364 7,810
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (18) (54)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 1,701 7,228
Balance at beginning of period 7,110 6,737
Balance at end of period 8,811 13,965
Less: Restricted Cash and Restricted Cash Equivalents at end of period 327 404
Cash and cash equivalents $ 8,484 $ 13,561

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