v3.22.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Mar. 27, 2021
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 4,827 $ 5,865
Cash flows provided by (used for) operating activities:    
Net income 8,113 3,361
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,847 2,454
Share-based compensation 707 425
Restructuring and other charges 17 2,209
Amortization of intangibles 501 448
(Gains) losses on equity investments, net (4,325) (299)
(Gains) losses on divestitures (1,121) 0
Changes in assets and liabilities:    
Accounts receivable 2,384 (426)
Inventories (1,147) 180
Accounts payable (128) 303
Accrued compensation and benefits (1,884) (1,283)
Prepaid customer supply agreements (6) (1,566)
Income taxes 1,219 383
Other assets and liabilities (1,286) (841)
Total adjustments (2,222) 1,987
Net cash provided by operating activities 5,891 5,348
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (4,604) (3,972)
Divestiture, Additions to Property, Plant, and Equipment, Held for Sale (193) (416)
Purchases of short-term investments (19,091) (6,574)
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale 10,490 8,009
Sales of equity investments 4,682 86
Proceeds from divestiture 6,544 0
Other investing (468) 866
Net cash used for investing activities (2,640) (2,001)
Cash flows provided by (used for) financing activities:    
Payments on finance leases (299) 0
Proceeds from sales of common stock through employee equity incentive plans 589 565
Repurchase of common stock 0 (2,301)
Payment of dividends to stockholders (1,487) (1,411)
Other financing (666) (873)
Net cash provided by (used for) financing activities (1,863) (4,020)
Net increase (decrease) in cash and cash equivalents 1,388 (673)
Cash and cash equivalents, end of period 6,215 5,192
Supplemental disclosures:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities 2,949 2,472
Interest, net of capitalized interest 177 161
Income taxes, net of refunds $ 335 $ 172

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