v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income/(loss) $ (4,661) $ (7,109)
Adjustments to reconcile net income/(loss) to operating cash flows:    
Depreciation and amortization 506 472
Divestiture-related license income (26) (26)
Equity award compensation expense 53 53
Deferred income tax provision/(benefit) (1,167) (595)
Payment for Pension and Other Postretirement Benefits (8) (8)
Goodwill and intangible asset impairment losses 7,365 9,266
Nonmonetary currency devaluation 16 21
Loss/(gain) on sale of business (3) 0
Loss/(gain) on extinguishment of debt (265) 0
Other items, net (124) (28)
Changes in current assets and liabilities:    
Trade receivables (61) (123)
Inventories (228) (164)
Accounts payable 392 109
Other current assets (19) 1
Other current liabilities 318 60
Net cash provided by/(used for) operating activities 2,088 1,929
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (429) (425)
Purchases of marketable securities (105) (1,033)
Proceeds from sale of marketable securities 910 45
Proceeds from sale of business, net of cash disposed and working capital adjustments 146 9
Other investing activities, net 29 56
Net cash provided by/(used for) investing activities 551 (1,348)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of long-term debt 2,981 676
Proceeds from issuance of long-term debt 1,152 1,620
Dividends paid (949) (951)
Repurchases of common stock (27) (435)
Other financing activities, net (77) 19
Net cash provided by/(used for) financing activities (2,882) (423)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (12) 68
Cash, cash equivalents, and restricted cash    
Net increase/(decrease) (255) 226
Balance at beginning of period 2,944 1,486
Balance at end of period $ 2,689 $ 1,712