Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 15,308 $ 2,561
Cash flows provided by (used for) operating activities:    
Net income 3,376 4,698
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,141 3,825
Share-based compensation 812 700
Restructuring and other charges 1,414 353
Excess tax benefit from share-based payment arrangements (88) (133)
Amortization of intangibles 791 465
(Gains) losses on equity investments, net (426) (85)
Deferred taxes 71 (725)
Changes in assets and liabilities:    
Accounts receivable 734 573
Inventories (104) (489)
Accounts payable 375 (304)
Accrued compensation and benefits (1,659) (1,304)
Income taxes payable and receivable (79) (59)
Other assets and liabilities (458) 340
Total adjustments 4,524 3,157
Net cash provided by operating activities 7,900 7,855
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (3,632) (3,792)
Acquisitions, net of cash acquired (14,619) (524)
Purchases of available-for-sale investments (5,693) (1,255)
Sales of available-for-sale investments 3,685 109
Maturities of available-for-sale investments 2,393 1,659
Purchases of trading assets (7,205) (5,291)
Maturities and sales of trading assets 5,313 7,639
Investments in loans receivable and reverse repurchase agreements (223) 0
Collection of loans receivable and reverse repurchase agreements 650 166
Investments in non-marketable equity investments (663) (558)
Other investing 304 103
Net cash used for investing activities (19,690) (1,744)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net 1,416 (492)
Excess tax benefit from share-based payment arrangements 88 133
Issuance of long-term debt, net of issuance costs 2,734 0
Proceeds from sales of common stock through employee equity incentive plans 527 474
Repurchase of common stock (1,597) (1,447)
Restricted stock unit withholdings (394) (399)
Payment of dividends to stockholders (2,461) (2,283)
Collateral associated with repurchase of common stock 0 325
Decrease in liability due to return of collateral associated with repurchase of common stock 0 (325)
Other financing 54 (205)
Net cash provided by (used for) financing activities 367 (4,219)
Effect of exchange rate fluctuations on cash and cash equivalents 0 1
Net increase (decrease) in cash and cash equivalents (11,423) 1,893
Cash and cash equivalents, end of period 3,885 4,454
Cash paid during the period for:    
Interest, net of capitalized interest and interest rate swap payments/receipts 348 80
Income taxes, net of refunds $ 689 $ 1,699