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
 9 Months Ended
Sep. 27, 2014
Sep. 28, 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 8,043 6,995
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,491 5,123
Share-based compensation 867 855
Restructuring and asset impairment charges 238 124
Excess tax benefit from share-based payment arrangements (109) (42)
Amortization of intangibles 884 953
(Gains) losses on equity investments, net (124) (391)
Deferred taxes (347) (513)
Changes in assets and liabilities:    
Accounts receivable (76) 131
Inventories 59 205
Accounts payable (292) 312
Accrued compensation and benefits (408) (222)
Income taxes payable and receivable (190) 873
Other assets and liabilities 611 335
Total adjustments 6,604 7,743
Net cash provided by operating activities 14,647 14,738
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (7,962) (7,763)
Acquisitions, net of cash acquired (193) (882)
Purchases of available-for-sale investments (6,077) (10,107)
Sales of available-for-sale investments 786 864
Maturities of available-for-sale investments 7,396 5,586
Purchases of trading assets (10,347) (13,034)
Maturities and sales of trading assets 9,541 10,890
Collection of loans receivable 17 124
Origination of loans receivable 0 (100)
Investments in non-marketable equity investments (1,330) (258)
Other investing 168 528
Net cash used for investing activities (8,001) (14,152)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net (202) 38
Excess tax benefit from share-based payment arrangements 109 42
Proceeds from sales of shares through employee equity incentive plans 1,566 1,308
Repurchase of common stock (7,106) (1,899)
Payment of dividends to stockholders (3,340) (3,358)
Other financing (199) (307)
Net cash used for financing activities (9,172) (4,176)
Effect of exchange rate fluctuations on cash and cash equivalents (5) (7)
Net increase (decrease) in cash and cash equivalents (2,531) (3,597)
Cash and cash equivalents, end of period 3,143 4,881
Cash paid during the period for:    
Interest, net of capitalized interest 59 91
Income taxes, net of refunds $ 3,579 $ 1,669