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
 9 Months Ended
Sep. 26, 2015
Sep. 27, 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 7,807 8,043
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,885 5,491
Share-based compensation 1,009 867
Restructuring and asset impairment charges 367 238
Excess tax benefit from share-based payment arrangements (139) (109)
Amortization of intangibles 680 884
(Gains) losses on equity investments, net (245) (124)
Deferred taxes (1,093) (347)
Changes in assets and liabilities:    
Accounts receivable 332 (76)
Inventories (640) 59
Accounts payable (86) (292)
Accrued compensation and benefits (1,217) (408)
Income taxes payable and receivable 774 (190)
Other assets and liabilities 156 611
Total adjustments 5,783 6,604
Net cash provided by operating activities 13,590 14,647
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (4,998) (7,962)
Acquisitions, net of cash acquired (538) (193)
Purchases of available-for-sale investments (7,522) (6,077)
Sales of available-for-sale investments 1,040 786
Maturities of available-for-sale investments 2,153 7,396
Purchases of trading assets (7,943) (10,347)
Maturities and sales of trading assets 10,465 9,541
Investments in loans receivable and reverse repurchase agreements (2,550) (150)
Collection of loans receivable and reverse repurchase agreements 466 117
Investments in non-marketable equity investments (1,864) (1,330)
Other investing 380 218
Net cash used for investing activities (10,911) (8,001)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net (473) (202)
Excess tax benefit from share-based payment arrangements 139 109
Issuance of long-term debt, net of issuance costs 7,986 0
Proceeds from sales of common stock through employee equity incentive plans 696 1,566
Repurchase of common stock (2,476) (6,792)
Restricted stock unit withholdings (416) (314)
Payment of dividends to stockholders (3,423) (3,340)
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 (209) (199)
Net cash provided by (used for) financing activities 1,824 (9,172)
Effect of exchange rate fluctuations on cash and cash equivalents 1 (5)
Net increase (decrease) in cash and cash equivalents 4,504 (2,531)
Cash and cash equivalents, end of period 7,065 3,143
Cash paid during the period for:    
Interest, net of capitalized interest 60 59
Income taxes, net of refunds $ 2,301 $ 3,579