v3.21.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 5,865 $ 4,194
Cash flows provided by (used for) operating activities:    
Net income 3,361 5,661
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,454 2,623
Share-based compensation 425 449
Restructuring and other charges 2,209 162
Amortization of intangibles 448 427
(Gains) losses on equity investments, net (299) 134
Changes in assets and liabilities:    
Accounts receivable (426) (796)
Inventories 180 (548)
Accounts payable 303 117
Accrued compensation and benefits (1,283) (1,605)
Prepaid supply agreements (1,566) (87)
Income taxes 383 753
Other assets and liabilities (641) (1,132)
Total adjustments 2,187 497
Net cash provided by operating activities 5,548 6,158
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (3,972) (3,268)
Additions to held for sale NAND property, plant, and equipment 416 0
Purchases of available-for-sale debt investments (593) (513)
Maturities and sales of available-for-sale debt investments 1,232 625
Purchases of trading assets (5,981) (3,897)
Maturities and sales of trading assets 6,777 3,660
Other investing 406 (343)
Net cash used for investing activities (2,547) (3,736)
Cash flows provided by (used for) financing activities:    
Issuance of long-term debt, net of issuance costs 0 10,247
Repayment of debt and debt conversion 0 (1,075)
Proceeds from sales of common stock through employee equity incentive plans 565 503
Repurchase of common stock (2,301) (4,229)
Payment of dividends to stockholders (1,411) (1,408)
Other financing (527) 726
Net cash provided by (used for) financing activities (3,674) 4,764
Net increase (decrease) in cash and cash equivalents (673) 7,186
Cash and cash equivalents, end of period 5,192 11,380
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities (2,472) (2,294)
Interest, net of capitalized interest 161 67
Income taxes, net of refunds $ 172 $ 211

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