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
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 5,560 $ 15,308
Cash flows provided by (used for) operating activities:    
Net income 2,964 2,046
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,625 1,619
Share-based compensation 397 448
Restructuring and other charges 80 0
Amortization of intangibles 321 396
(Gains) losses on equity investments, net (250) (22)
Deferred taxes 212 (43)
Changes in assets and liabilities:1    
Accounts receivable (105) 942
Inventories (232) (57)
Accounts payable 188 434
Accrued compensation and benefits (1,277) (1,307)
Income taxes payable and receivable 427 497
Other assets and liabilities (452) (898)
Total adjustments 934 2,009
Net cash provided by operating activities 3,898 4,055
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (1,952) (1,346)
Acquisitions, net of cash acquired 0 (14,569)
Purchases of available-for-sale investments (1,746) (2,847)
Sales of available-for-sale investments 431 2,810
Maturities of available-for-sale investments 1,508 1,359
Purchases of trading assets (3,075) (4,533)
Maturities and sales of trading assets 2,433 3,138
Investments in loans receivable and reverse repurchase agreements 0 (223)
Collection of loans receivable and reverse repurchase agreements 0 650
Investments in non-marketable equity investments (422) (182)
Purchases of licensed technology and patents (115) 0
Other investing 160 223
Net cash used for investing activities (2,778) (15,520)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net 435 956
Proceeds from sales of common stock through employee equity incentive plans 329 343
Repurchase of common stock (1,242) (793)
Restricted stock unit withholdings (70) (63)
Payment of dividends to stockholders (1,229) (1,228)
Other financing 31 3
Net cash provided by (used for) financing activities (1,746) (782)
Net increase (decrease) in cash and cash equivalents (626) (12,247)
Cash and cash equivalents, end of period 4,934 3,061
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities 1,448 1,083
Interest, net of capitalized interest and interest rate swap payments/receipts 97 254
Income taxes, net of refunds $ 171 $ (72)