v3.25.2
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Cash flows from operating activities – continuing operations:    
Net earnings $ 2,008 $ 1,704
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation of property, plant and equipment 325 311
Amortization of intangible and finance lease right-of-use assets 121 117
Equity-based compensation expense 89 87
Deferred income tax benefit (98) (90)
(Increase) decrease in assets, net of effects of business acquisitions:    
Accounts receivable (612) (158)
Unbilled receivables (200) (601)
Inventories (207) (1,152)
Increase (decrease) in liabilities, net of effects of business acquisitions:    
Accounts payable (261) (125)
Customer advances and deposits 106 169
Other, net 179 274
Net cash provided by operating activities 1,450 536
Cash flows from investing activities:    
Capital expenditures (340) (360)
Other, net 124 53
Net cash used by investing activities (216) (307)
Cash flows from financing activities:    
Repayment of fixed-rate notes (1,500) 0
Proceeds from fixed-rate notes 747 0
Proceeds from commercial paper, net 696 0
Dividends paid (785) (750)
Purchases of common stock (600) (139)
Other, net 39 111
Net cash used by financing activities (1,403) (778)
Net cash used by discontinued operations (5) (2)
Net decrease in cash and equivalents (174) (551)
Cash and equivalents at beginning of period 1,697 1,913
Cash and equivalents at end of period 1,523 1,362
Supplemental cash flow information:    
Income tax (payments) refunds, net (236) 48
Interest payments $ (203) $ (194)