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. 01, 2017
Jul. 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 5,772 3,376
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,300 3,141
Share-based compensation 725 812
Restructuring and other charges 185 1,414
Amortization of intangibles 634 791
(Gains) losses on equity investments, net (526) (426)
(Gains) losses on divestitures (387) 0
Deferred taxes 807 71
Changes in assets and liabilities:1    
Accounts receivable (618) 734
Inventories (760) (104)
Accounts payable 425 375
Accrued compensation and benefits (1,102) (1,659)
Income taxes payable and receivable 563 (79)
Other assets and liabilities (413) (546)
Total adjustments 2,833 4,524
Net cash provided by operating activities 8,605 7,900
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (4,730) (3,632)
Acquisitions, net of cash acquired (3) (14,619)
Purchases of available-for-sale investments (1,894) (5,693)
Sales of available-for-sale investments 1,698 3,685
Maturities of available-for-sale investments 2,197 2,393
Purchases of trading assets (7,961) (7,205)
Maturities and sales of trading assets 5,977 5,313
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 (625) (663)
Proceeds from divestitures 924 0
Other investing 201 304
Net cash used for investing activities (4,216) (19,690)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net (12) 1,416
Proceeds from issuance of long-term debt, net of issuance costs 7,078 2,734
Repayment of debt (500) 0
Proceeds from sales of common stock through employee equity incentive plans 406 527
Repurchase of common stock (2,518) (1,597)
Restricted stock unit withholdings (404) (394)
Payment of dividends to stockholders (2,516) (2,461)
Other financing 204 142
Net cash provided by (used for) financing activities 1,738 367
Net increase (decrease) in cash and cash equivalents 6,127 (11,423)
Cash and cash equivalents, end of period 11,687 3,885
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities 1,686 1,479
Loan receivable from McAfee and TPG 2,200 0
Non-marketable equity investment in McAfee 1,078 0
Interest, net of capitalized interest and interest rate swap payments/receipts 280 348
Income taxes, net of refunds $ 1,139 $ 689