v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 05, 2025
Jun. 29, 2024
Operating activities:    
Net earnings before noncontrolling interests $ 932 $ 1,671
Adjustments:    
Depreciation 606 528
Amortization 128 120
Impairment of assets 20 14
Stock-based compensation 78 83
Deferred income taxes (17) (78)
Distributions from affiliates 6 8
Equity in earnings of unconsolidated affiliates (14) (19)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable (706) (154)
Inventories (352) 333
Accounts payable 375 (315)
Federal income taxes 135 133
Salaries, wages and related accruals (135) (426)
Other operating activities 40 47
Cash provided by operating activities 1,096 1,945
Investing activities:    
Capital expenditures (1,813) (1,471)
Investment in and advances to affiliates (1)  
Disposition of plant and equipment 39 10
Acquisitions (net of cash acquired) (1) (109)
Purchases of investments (666) (887)
Proceeds from the sale of investments 717 856
Other investing activities 2  
Cash used in investing activities (1,723) (1,601)
Financing activities:    
Net change in short-term debt (68) 49
Repayment of long-term debt (1,007) (5)
Proceeds from issuance of long-term debt, net of discount 997  
Bond issuance costs (9)  
Proceeds from exercise of stock options   3
Payment of tax withholdings on certain stock-based compensation (31) (47)
Distributions to noncontrolling interests (214) (315)
Cash dividends (258) (264)
Acquisition of treasury stock (500) (1,501)
Proceeds from government incentives 77  
Other financing activities 17 (7)
Cash used in financing activities (996) (2,087)
Effect of exchange rate changes on cash 11 (5)
Decrease in cash and cash equivalents (1,612) (1,748)
Cash and cash equivalents - beginning of year 3,558 6,387
Cash and cash equivalents - end of six months 1,946 4,639
Non-cash investing activity:    
Change in accrued plant and equipment purchases $ (27) $ 37