v3.20.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 4,194 $ 3,019
Cash flows provided by (used for) operating activities:    
Net income 15,042 14,143
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,925 6,647
Share-based compensation 1,393 1,290
Amortization of intangibles 1,311 1,211
(Gains) losses on equity investments, net (105) (395)
Changes in assets and liabilities:    
Accounts receivable 525 (156)
Inventories (570) (1,376)
Accounts payable 355 728
Accrued compensation and benefits (488) (365)
Prepaid supply agreements (91) (674)
Income taxes 493 435
Other assets and liabilities (296) 1,769
Total adjustments 10,452 9,114
Net cash provided by operating activities 25,494 23,257
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (10,392) (11,547)
Purchases of available-for-sale debt investments (6,323) (2,028)
Maturities and sales of available-for-sale debt investments 5,037 3,118
Purchases of trading assets (14,744) (5,769)
Maturities and sales of trading assets 11,227 5,467
Sales of equity investments 339 1,414
Other investing (256) (575)
Net cash used for investing activities (15,112) (9,920)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net 0 835
Issuance of long-term debt, net of issuance costs 10,247 650
Repayment of debt and debt conversion (4,525) (1,478)
Proceeds from sales of common stock through employee equity incentive plans 897 797
Repurchase of common stock (12,229) (10,100)
Accelerated share repurchase forward agreements (2,000) 0
Payment of dividends to stockholders (4,215) (4,214)
Other financing 605 1,089
Net cash provided by (used for) financing activities (11,220) (12,421)
Net increase (decrease) in cash and cash equivalents (838) 916
Cash and cash equivalents, end of period 3,356 3,935
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities 2,752 2,376
Interest, net of capitalized interest 459 312
Income taxes, net of refunds $ 1,986 $ 1,334

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