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
 9 Months Ended
Oct. 01, 2011
Sep. 25, 2010
Consolidated Condensed Statements of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 5,498 $ 3,987
Cash flows provided by (used for) operating activities:    
Net income 9,582 8,284
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,808 3,252
Share-based compensation 812 704
Net loss on retirement of assets 78 26
Excess tax benefit from share-based payment arrangements (28) (63)
Amortization of intangibles 667 180
(Gains) losses on equity method investments, net 148 (163)
(Gains) losses on other equity investments, net (243) (76)
(Gains) losses on divestitures (164) 0
Deferred taxes 589 (36)
Changes in assets and liabilities:    
Accounts receivable (856) (628)
Inventories (110) (479)
Accounts payable 645 20
Accrued compensation and benefits (651) (205)
Income taxes payable and receivable 194 179
Other assets and liabilities (138) 147
Total adjustments 4,751 2,858
Net cash provided by operating activities 14,333 11,142
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (7,920) (3,338)
Acquisitions, net of cash acquired (8,477) (70)
Purchases of available-for-sale investments (7,426) (11,835)
Sales of available-for-sale investments 9,052 430
Maturities of available-for-sale investments 8,645 8,363
Purchases of trading assets (6,795) (6,761)
Maturities and sales of trading assets 7,688 5,949
Origination of loans receivable (206) (421)
Investments in non-marketable equity investments (569) (242)
Return of equity method investments 172 151
Proceeds from divestitures 50 0
Other investing 252 207
Net cash used for investing activities (5,534) (7,567)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net 28 87
Proceeds from government grants 56 79
Excess tax benefit from share-based payment arrangements 28 63
Issuance of long-term debt 4,962 0
Proceeds from sales of shares through employee equity incentive plans 925 535
Repurchase of common stock (10,187) (222)
Payment of dividends to stockholders (3,057) (2,624)
Other financing (5) 37
Net cash used for financing activities (7,250) (2,045)
Effect of exchange rate fluctuations on cash and cash equivalents 10 0
Net increase (decrease) in cash and cash equivalents 1,559 1,530
Cash and cash equivalents, end of period 7,057 5,517
Cash paid during the period for:    
Income taxes, net of refunds $ 2,770 $ 3,493