v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2026
Mar. 28, 2025
OPERATING ACTIVITIES    
Consolidated Net Income $ 3,966 $ 3,335
Depreciation and amortization 264 267
Stock-based compensation expense 56 63
Deferred income taxes 205 95
Equity (income) loss — net of dividends (375) (264)
Foreign currency adjustments 33 50
Significant (gains) losses — net 10 (331)
Other operating charges 10 0
Other items 115 104
Net change in operating assets and liabilities (2,263) (8,521)
Net Cash Provided by (Used in) Operating Activities 2,021 (5,202)
INVESTING ACTIVITIES    
Purchases of investments (1,459) (2,507)
Proceeds from disposals of investments 3,503 1,005
Acquisitions of businesses, equity method investments and nonmarketable securities (37) (42)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 0 748
Purchases of property, plant and equipment (266) (309)
Proceeds from disposals of property, plant and equipment 2 8
Collateral (paid) received associated with hedging activities — net (20) (15)
Other investing activities 23 45
Net Cash Provided by (Used in) Investing Activities 1,746 (1,067)
FINANCING ACTIVITIES    
Issuances of loans, notes payable and long-term debt 0 5,436
Payments of loans, notes payable and long-term debt (1,262) (1,599)
Issuances of stock 155 159
Purchases of stock for treasury (477) (370)
Dividends (2,281) (89)
Other financing activities (3) (105)
Net Cash Provided by (Used in) Financing Activities (3,868) 3,432
CASH AND CASH EQUIVALENTS    
Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 86 163
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period (15) (2,674)
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 10,995 8,814
Restricted Cash and Restricted Cash Equivalents 421 397
Cash and cash equivalents $ 10,574 $ 8,417