|
CONSOLIDATED CASH FLOW STATEMENTS (Unaudited) (USD $)
In Millions
|
6 Months Ended |
|
Jul. 01, 2011
|
Jun. 25, 2010
|
| OPERATING ACTIVITIES |
 |
 |
| Net Earnings |
$ 901 |
$ 719 |
| Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities: |
 |
 |
| Depreciation |
489 |
458 |
| Deferred Income Taxes |
280 |
79 |
| Other Operating Activities |
(10) |
79 |
| Changes in Operating Assets and Liabilities: |
 |
 |
| Accounts Receivable |
(119) |
57 |
| Other Current Assets |
(64) |
(52) |
| Accounts Payable |
35 |
(34) |
| Income and Other Taxes Payable |
76 |
94 |
| Other Current Liabilities |
(1) |
22 |
| Net Cash Provided by Operating Activities |
1,587 |
1,422 |
| INVESTING ACTIVITIES |
 |
 |
| Property Additions |
(947) |
(687) |
| Other Investing Activities |
16 |
68 |
| Net Cash Used in Investing Activities |
(931) |
(619) |
| FINANCING ACTIVITIES |
 |
 |
| Long-term Debt Issued (Note 7) |
600 |
0 |
| Long-term Debt Repaid (Note 7) |
(570) |
(71) |
| Dividends Paid |
(228) |
(184) |
| Stock Options Exercised (Note 3) |
24 |
16 |
| Shares Repurchased |
(528) |
(823) |
| Other Financing Activities |
6 |
(137) |
| Net Cash Used in Financing Activities |
(696) |
(1,199) |
| Net Decrease in Cash and Cash Equivalents |
(40) |
(396) |
| CASH AND CASH EQUIVALENTS |
 |
 |
| Cash and Cash Equivalents at Beginning of Period |
1,292 |
1,029 |
| Cash and Cash Equivalents at End of Period |
$ 1,252 |
$ 633 |