v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
OPERATING ACTIVITIES    
Consolidated Net Income $ 2,793 $ 2,255
Depreciation and amortization 324 366
Stock-based compensation expense 87 58
Deferred income taxes 41 377
Equity (income) loss — net of dividends (247) (250)
Foreign currency adjustments 100 (20)
Significant (gains) losses — net 25 1
Other operating charges 38 69
Other items (70) 157
Net change in operating assets and liabilities (2,468) (1,377)
Net Cash Provided by Operating Activities 623 1,636
INVESTING ACTIVITIES    
Purchases of investments (835) (1,466)
Proceeds from disposals of investments 1,323 1,375
Acquisitions of businesses, equity method investments and nonmarketable securities (5) (4)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 218 2
Purchases of property, plant and equipment (217) (216)
Proceeds from disposals of property, plant and equipment 16 11
Other investing activities (354) 17
Net Cash Provided by (Used in) Investing Activities 146 (281)
FINANCING ACTIVITIES    
Issuances of debt 1,052 5,588
Payments of debt (1,045) (3,044)
Issuances of stock 449 183
Purchases of stock for treasury (546) (104)
Dividends (1,906) (1,810)
Other financing activities (979) (449)
Net Cash Provided by (Used in) Financing Activities (2,975) 364
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 173 (18)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period (2,033) 1,701
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 7,992 8,811
Restricted Cash and Cash Equivalents 311 327
Cash and cash equivalents $ 7,681 $ 8,484

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