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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities    
Net income $ 2,885 $ 2,654
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 562 523
Amortization of acquisition-related intangible assets 1,065 1,191
Change in deferred income taxes (607) (328)
Stock-based compensation 154 150
Other non-cash expenses, net 157 330
Changes in assets and liabilities, excluding the effects of acquisitions (1,003) (2,251)
Net cash provided by operating activities 3,211 2,269 Close
Investing activities    
Purchases of property, plant and equipment (648) (742)
Proceeds from sale of property, plant and equipment 20 10
Proceeds from cross-currency interest rate swap interest settlements 111 35
Acquisitions, net of cash acquired 0 (2,751)
Purchases of investments (1,778) (188)
Other investing activities, net 12 51
Net cash used in investing activities (2,283) (3,585) Close
Financing activities    
Net proceeds from issuance of debt 1,204 0
Repayment of debt 0 (1,000)
Proceeds from issuance of commercial paper 0 1,620
Repayments of commercial paper 0 (1,441)
Purchases of company common stock (3,000) (3,000)
Dividends paid (284) (252)
Other financing activities, net 145 24
Net cash used in financing activities (1,936) (4,049) Close
Exchange rate effect on cash 7 (19) Close
Decrease in cash, cash equivalents and restricted cash (1,000) (5,384) Close
Cash, cash equivalents and restricted cash at beginning of period 8,097 8,537
Cash, cash equivalents and restricted cash at end of period $ 7,097 $ 3,153