v3.21.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 26, 2021
Jun. 27, 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 8,422 10,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,862 5,248
Share-based compensation 1,044 941
Restructuring and other charges 2,555 171
Amortization of intangibles 897 865
(Gains) losses on equity investments, net (555) (92)
Changes in assets and liabilities:    
Accounts receivable (678) 224
Inventories (126) (271)
Accounts payable 425 208
Accrued compensation and benefits (836) (1,025)
Prepaid supply agreements (1,571) (161)
Income taxes 114 1,203
Other assets and liabilities (259) (762)
Total adjustments 5,872 6,549
Net cash provided by operating activities 14,294 17,315
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (7,574) (6,676)
Additions to held for sale NAND property, plant, and equipment 682 0
Purchases of available-for-sale debt investments (2,000) (4,558)
Maturities and sales of available-for-sale debt investments 2,126 1,303
Purchases of trading assets (14,637) (11,429)
Maturities and sales of trading assets 12,936 7,430
Other investing 380 (416)
Net cash used for investing activities (9,451) (14,346)
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 (500) (2,775)
Proceeds from sales of common stock through employee equity incentive plans 589 512
Repurchase of common stock (2,415) (4,229)
Payment of dividends to stockholders (2,821) (2,811)
Other financing (815) 629
Net cash provided by (used for) financing activities (5,962) 1,573
Net increase (decrease) in cash and cash equivalents (1,119) 4,542
Cash and cash equivalents, end of period 4,746 8,736
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities (2,426) (2,836)
Interest, net of capitalized interest 283 252
Income taxes, net of refunds $ 1,110 $ 574

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