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
 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 2,561 $ 5,674
Cash flows provided by (used for) operating activities:    
Net income 4,698 4,726
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,825 3,600
Share-based compensation 700 586
Restructuring and asset impairment charges 353 218
Excess tax benefit from share-based payment arrangements (133) (65)
Amortization of intangibles 465 577
(Gains) losses on equity investments, net (85) (90)
Deferred taxes (725) (206)
Changes in assets and liabilities:    
Accounts receivable 573 89
Inventories (489) 235
Accounts payable (304) (103)
Accrued compensation and benefits (1,304) (813)
Income taxes payable and receivable (59) 88
Other assets and liabilities 340 112
Total adjustments 3,157 4,228
Net cash provided by operating activities 7,855 8,954
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (3,792) (5,517)
Acquisitions, net of cash acquired (524) (137)
Purchases of available-for-sale investments (1,255) (5,113)
Sales of available-for-sale investments 109 409
Maturities of available-for-sale investments 1,659 5,555
Purchases of trading assets (5,291) (6,825)
Maturities and sales of trading assets 7,639 5,544
Collection of loans receivable 166 17
Investments in non-marketable equity investments (558) (1,115)
Other investing 103 167
Net cash used for investing activities (1,744) (7,015)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net (492) (267)
Excess tax benefit from share-based payment arrangements 133 65
Proceeds from sales of common stock through employee equity incentive plans 474 1,005
Repurchase of common stock (1,447) (2,625)
Restricted stock unit withholdings (399) (299)
Payment of dividends to stockholders (2,283) (2,245)
Collateral associated with repurchase of common stock 325 0
Decrease in liability due to return of collateral associated with repurchase of common stock (325) 0
Other financing (205) (199)
Net cash used for financing activities (4,219) (4,565)
Effect of exchange rate fluctuations on cash and cash equivalents 1 1
Net increase (decrease) in cash and cash equivalents 1,893 (2,625)
Cash and cash equivalents, end of period 4,454 3,049
Cash paid during the period for:    
Interest, net of capitalized interest 80 90
Income taxes, net of refunds $ 1,699 $ 1,935