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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Operating activities    
Net income $ 3,397 $ 3,130
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 638 532
Amortization of acquisition-related intangible assets 915 859
Change in deferred income taxes (466) (601)
Stock-based compensation 165 156
Other net non-cash expenses 205 198
Changes in assets and liabilities, excluding the effects of acquisitions (1,537) (2,151)
Net cash provided by operating activities 3,317 2,122
Investing activities    
Purchases of property, plant and equipment (826) (656)
Proceeds from sale of property, plant and equipment 13 13
Proceeds from cross-currency interest rate swap interest settlements 187 134
Acquisitions, net of cash acquired (8,872) 0
Purchases of investments (35) (311)
Proceeds from sales and maturities of investments 253 6
Net proceeds from terminations of cross-currency interest rate swaps 481 0
Other investing activities, net 1 0
Net cash used in investing activities (8,797) (815)
Financing activities    
Net proceeds from issuance of debt 5,238 2,840
Repayment of debt (1,412) (1,625)
Proceeds from issuance of commercial paper 389 0
Repayments of commercial paper (389) 0
Purchases of company common stock (4,000) (2,000)
Dividends paid (337) (311)
Other financing activities, net 33 3
Net cash used in financing activities (478) (1,093)
Exchange rate effect on cash 176 348
Increase/(decrease) in cash, cash equivalents and restricted cash (5,782) 563
Cash, cash equivalents and restricted cash at beginning of period 9,879 4,040
Cash, cash equivalents and restricted cash at end of period $ 4,096 $ 4,603