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. 28, 2014
Jun. 29, 2013
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 5,674 $ 8,478
Cash flows provided by (used for) operating activities:    
Net income 4,726 4,045
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,600 3,394
Share-based compensation 586 587
Restructuring and asset impairment charges 218 0
Excess tax benefit from share-based payment arrangements (65) (38)
Amortization of intangibles 577 661
(Gains) losses on equity investments, net (90) 60
Deferred taxes (206) (351)
Changes in assets and liabilities:    
Accounts receivable 89 368
Inventories 235 195
Accounts payable (103) 184
Accrued compensation and benefits (813) (787)
Income taxes payable and receivable 88 296
Other assets and liabilities 112 393
Total adjustments 4,228 4,962
Net cash provided by operating activities 8,954 9,007
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (5,517) (4,897)
Acquisitions, net of cash acquired (137) (384)
Purchases of available-for-sale investments (5,113) (7,322)
Sales of available-for-sale investments 409 598
Maturities of available-for-sale investments 5,555 2,961
Purchases of trading assets (6,825) (9,616)
Maturities and sales of trading assets 5,544 7,758
Collection of loans receivable 17 116
Origination of loans receivable 0 (100)
Investments in non-marketable equity investments (1,115) (125)
Other investing 167 182
Net cash used for investing activities (7,015) (10,829)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net (267) (49)
Excess tax benefit from share-based payment arrangements 65 38
Proceeds from sales of shares through employee equity incentive plans 1,005 1,040
Repurchase of common stock (2,924) (1,355)
Payment of dividends to stockholders (2,245) (2,237)
Other financing (199) (307)
Net cash used for financing activities (4,565) (2,870)
Effect of exchange rate fluctuations on cash and cash equivalents 1 (8)
Net increase (decrease) in cash and cash equivalents (2,625) (4,700)
Cash and cash equivalents, end of period 3,049 3,778
Cash paid during the period for:    
Interest, net of capitalized interest 90 115
Income taxes, net of refunds $ 1,935 $ 1,134