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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating activities    
Net income $ 1,331 $ 1,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 285 253
Amortization of acquisition-related intangible assets 551 606
Change in deferred income taxes (253) (146)
Stock-based compensation 70 76
Other non-cash expenses, net 53 181
Changes in assets and liabilities, excluding the effects of acquisitions (787) (1,533)
Net cash provided by operating activities 1,251 729 CloseClose
Investing activities    
Purchases of property, plant and equipment (347) (458)
Proceeds from sale of property, plant and equipment 4 6
Proceeds from cross-currency interest rate swap interest settlements 64 2
Acquisitions, net of cash acquired 0 (2,704)
Purchases of investments (1,758) (2)
Other investing activities, net 7 14
Net cash used in investing activities (2,030) (3,142) CloseClose
Financing activities    
Net proceeds from issuance of debt 1,205 0
Proceeds from issuance of commercial paper 0 1,027
Repayments of commercial paper 0 (523)
Purchases of company common stock (3,000) (3,000)
Dividends paid (135) (117)
Other financing activities, net 110 20
Net cash used in financing activities (1,821) (2,593) CloseClose
Exchange rate effect on cash 22 (31)
Decrease in cash, cash equivalents and restricted cash (2,578) (5,037) CloseClose
Cash, cash equivalents and restricted cash at beginning of period 8,097 8,537
Cash, cash equivalents and restricted cash at end of period $ 5,519 $ 3,500