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
 6 Months Ended
Jun. 30, 2012
Jul. 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 5,565 6,114
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,091 2,535
Share-based compensation 554 562
Excess tax benefit from share-based payment arrangements (134) (26)
Amortization of intangibles 533 411
(Gains) losses on equity investments, net (28) (3)
(Gains) losses on divestitures 0 (164)
Deferred taxes 55 31
Changes in assets and liabilities:    
Accounts receivable 103 (388)
Inventories (782) (184)
Accounts payable 312 388
Accrued compensation and benefits (964) (832)
Income taxes payable and receivable (51) (466)
Other assets and liabilities (543) 6
Total adjustments 2,146 1,870
Net cash provided by operating activities 7,711 7,984
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (5,636) (5,207)
Acquisitions, net of cash acquired (458) (8,291)
Purchases of available-for-sale investments (2,072) (5,213)
Sales of available-for-sale investments 607 8,754
Maturities of available-for-sale investments 2,888 7,087
Purchases of trading assets (8,166) (3,820)
Maturities and sales of trading assets 8,321 5,258
Origination of loans receivable (166) (30)
Collection of loans receivable 133 0
Investments in non-marketable equity investments (195) (295)
Return of equity method investments 137 113
Proceeds from divestitures 0 50
Other investing 126 167
Net cash used for investing activities (3,876) (1,427)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net (155) 33
Proceeds from government grants 0 56
Excess tax benefit from share-based payment arrangements 134 26
Proceeds from sales of shares through employee equity incentive plans 1,681 587
Repurchase of common stock (2,915) (6,180)
Payment of dividends to stockholders (2,106) (1,955)
Other financing (310) 0
Net cash used for financing activities (3,671) (7,433)
Effect of exchange rate fluctuations on cash and cash equivalents (6) 13
Net increase (decrease) in cash and cash equivalents 158 (863)
Cash and cash equivalents, end of period 5,223 4,635
Cash paid during the period for:    
Income taxes, net of refunds $ 2,204 $ 2,596