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, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Apr. 02, 2011
Consolidated Condensed Statements of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 5,065 $ 5,498
Cash flows provided by (used for) operating activities:    
Net income 2,738 3,160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,519 1,287
Share-based compensation 274 300
Excess tax benefit from share-based payment arrangements (19) (1)
Amortization of intangibles 266 155
(Gains) losses on equity investments, net 19 (28)
(Gains) losses on divestitures 0 (164)
Deferred taxes (45) (109)
Changes in assets and liabilities:    
Accounts receivable (387) (504)
Inventories (381) (251)
Accounts payable 37 404
Accrued compensation and benefits (1,450) (1,401)
Income taxes payable and receivable 760 1,032
Other assets and liabilities (359) 133
Total adjustments 234 853
Net cash provided by operating activities 2,972 4,013
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (2,974) (2,723)
Acquisitions, net of cash acquired (176) (8,216)
Purchases of available-for-sale investments (1,529) (3,569)
Sales of available-for-sale investments 333 7,594
Maturities of available-for-sale investments 1,827 5,172
Purchases of trading assets (4,303) (1,540)
Maturities and sales of trading assets 4,567 2,578
Collection of loans receivable 133 0
Investments in non-marketable equity investments (116) (147)
Return of equity method investments 67 24
Proceeds from divestitures 0 50
Other investing 60 133
Net cash used for investing activities (2,111) (644)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net 115 16
Proceeds from government grants 0 56
Excess tax benefit from share-based payment arrangements 19 1
Proceeds from sales of shares through employee equity incentive plans 1,244 239
Repurchase of common stock (1,519) (4,006)
Payment of dividends to stockholders (1,049) (994)
Other financing (305) 0
Net cash used for financing activities (1,495) (4,688)
Effect of exchange rate fluctuations on cash and cash equivalents (2) 9
Net increase (decrease) in cash and cash equivalents (636) (1,310)
Cash and cash equivalents, end of period 4,429 4,188
Cash paid during the period for:    
Interest, net of amounts capitalized 0 0
Income taxes, net of refunds $ 376 $ 269