v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2026
Jun. 27, 2025
OPERATING ACTIVITIES    
Consolidated Net Income $ 8,404 $ 7,138
Depreciation and amortization 530 546
Stock-based compensation expense 117 130
Deferred income taxes 353 459
Equity (income) loss — net of dividends (520) (387)
Foreign currency adjustments 107 111
Significant (gains) losses — net (56) (433)
Other operating charges 0 38
Other items (125) 238
Net change in operating assets and liabilities (1,267) (9,231)
Net Cash Provided by (Used in) Operating Activities 7,543 (1,391)
INVESTING ACTIVITIES    
Purchases of investments (2,799) (2,865)
Proceeds from disposals of investments 4,574 2,201
Acquisitions of businesses, equity method investments and nonmarketable securities (199) (179)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 1 973
Purchases of property, plant and equipment (684) (751)
Proceeds from disposals of property, plant and equipment 7 13
Collateral (paid) received associated with hedging activities — net (37) 206
Other investing activities 241 124
Net Cash Provided by (Used in) Investing Activities 1,104 (278)
FINANCING ACTIVITIES    
Issuances of loans, notes payable and long-term debt 9 5,320
Payments of loans, notes payable and long-term debt (1,559) (2,630)
Issuances of stock 251 223
Purchases of stock for treasury (663) (472)
Dividends (4,562) (2,283)
Other financing activities (11) (106)
Net Cash Provided by (Used in) Financing Activities (6,535) 52
CASH AND CASH EQUIVALENTS    
Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 85 332
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 2,197 (1,285)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 11,010 11,488
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at End of Period 13,207 10,203
Restricted Cash and Restricted Cash Equivalents 300 613
Cash and cash equivalents $ 12,907 $ 9,590