v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 26, 2020
Jun. 28, 2019
OPERATING ACTIVITIES    
CONSOLIDATED NET INCOME $ 4,554 $ 4,331
Depreciation and amortization 748 602
Stock-based compensation expense 36 88
Deferred income taxes (39) (163)
Equity (income) loss - net of dividends (212) (254)
Foreign currency adjustments (67) 37
Significant (gains) losses on sales of assets - net (901) 247
Other Operating Activities, Cash Flow Statement 341 93
Other items 52 180
Net change in operating assets and liabilities (1,726) (660)
Net Cash Provided by (Used in) Operating Activities 2,786 4,501
INVESTING ACTIVITIES    
Purchases of investments (8,294) (2,935)
Proceeds from disposals of investments 2,649 3,395
Acquisitions of businesses, equity method investments and nonmarketable securities (984) (5,353)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 46 265
Purchases of property, plant and equipment (536) (767)
Proceeds from disposals of property, plant and equipment 112 43
Other investing activities 40 (10)
Net Cash Provided by (Used in) Investing Activities (6,967) (5,362)
FINANCING ACTIVITIES    
Issuances of debt 19,775 14,518
Payments of debt (10,304) (14,278)
Issuances of stock 444 602
Purchases of stock for treasury (93) (689)
Payments of Dividends (1,761) (1,709)
Other financing activities (16) 124
Net Cash Provided by (Used in) Financing Activities 8,045 (1,432)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (172) 2
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 3,692 (2,291)
Balance at beginning of period 6,737 9,318
Balance at end of period 10,429 7,027
Less: Restricted Cash and Restricted Cash Equivalents at end of period 392 296
Cash and cash equivalents $ 10,037 $ 6,731

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