|
CONSOLIDATED CASH FLOW STATEMENTS (Unaudited) (USD $)
In Millions, unless otherwise specified
|
6 Months Ended |
|
Jun. 29, 2012
|
Jul. 01, 2011
|
| OPERATING ACTIVITIES |
|
|
| Net Earnings |
$ 961 |
$ 901 |
| Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities: |
|
|
| Depreciation |
520 |
489 |
| Deferred Income Taxes |
300 |
280 |
| Contributions to Qualified Pension Plans |
(275) |
0 |
| Other Operating Activities |
(61) |
(10) |
| Changes in Operating Assets and Liabilities: |
|
|
| Accounts Receivable |
2 |
(121) |
| Other Current Assets |
(70) |
(64) |
| Accounts Payable |
(81) |
35 |
| Income and Other Taxes Payable |
118 |
76 |
| Other Current Liabilities |
(123) |
(1) |
| Net Cash Provided by Operating Activities |
1,291 |
1,585 |
| INVESTING ACTIVITIES |
|
|
| Property Additions |
(1,223) |
(945) |
| Purchases of Short-term Investments |
(58) |
(8) |
| Proceeds from Sales of Short-term Investments |
546 |
42 |
| Other Investing Activities |
6 |
(18) |
| Net Cash Used in Investing Activities |
(729) |
(929) |
| FINANCING ACTIVITIES |
|
|
| Long-term Debt Issued (Note 7) |
300 |
600 |
| Long-term Debt Repaid (Note 7) |
(455) |
(570) |
| Dividends Paid |
(270) |
(228) |
| Stock Options Exercised (Note 3) |
10 |
24 |
| Shares Repurchased |
(300) |
(528) |
| Other Financing Activities |
12 |
6 |
| Net Cash Used in Financing Activities |
(703) |
(696) |
| Net Decrease in Cash and Cash Equivalents |
(141) |
(40) |
| CASH AND CASH EQUIVALENTS |
|
|
| Cash and Cash Equivalents at Beginning of Period |
783 |
1,292 |
| Cash and Cash Equivalents at End of Period |
$ 642 |
$ 1,252 |