Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
Jan. 02, 2016 |
Jan. 03, 2015 |
Dec. 28, 2013 |
| OPERATING ACTIVITIES |
|
|
|
| Net earnings before noncontrolling interest |
$ 866
|
$ 955
|
$ 692
|
| Adjustments to reconcile net earnings before noncontrolling interest to net cash from operating activities: |
|
|
|
| Depreciation of property, plant and equipment |
218
|
221
|
218
|
| Amortization of intangible assets |
116
|
89
|
79
|
| Amortization of debt premium, discounts and debt issue costs |
(2)
|
(5)
|
(6)
|
| Inventory step-up amortization |
30
|
5
|
4
|
| Contingent consideration fair value adjustments |
(87)
|
22
|
1
|
| Payment of contingent consideration |
0
|
(27)
|
0
|
| Stock-based compensation |
160
|
71
|
65
|
| Cash settlement of accelerated equity awards |
(74)
|
0
|
0
|
| Excess tax benefits from stock issued under employee stock plans |
(24)
|
(21)
|
(15)
|
| Gain on sale of investments |
(22)
|
(3)
|
(13)
|
| Loss on retirement of long-term debt |
0
|
0
|
161
|
| Deferred income taxes |
(60)
|
(88)
|
(127)
|
| Other, net |
30
|
84
|
75
|
| Changes in operating assets and liabilities, net of business combinations: |
|
|
|
| Accounts receivable |
(39)
|
112
|
(100)
|
| Inventories |
(39)
|
(102)
|
(99)
|
| Other current and noncurrent assets |
19
|
(69)
|
16
|
| Accounts payable and accrued expenses |
(25)
|
(60)
|
31
|
| Income taxes payable |
(28)
|
120
|
(21)
|
| Net cash provided by operating activities |
1,039
|
1,304
|
961
|
| INVESTING ACTIVITIES |
|
|
|
| Purchases of property, plant and equipment |
(186)
|
(190)
|
(222)
|
| Business combination payments, net of cash acquired |
(3,252)
|
(147)
|
(292)
|
| Proceeds from sale of investments |
30
|
7
|
10
|
| Other investing activities, net |
(37)
|
(9)
|
(18)
|
| Net cash used in investing activities |
(3,445)
|
(339)
|
(522)
|
| FINANCING ACTIVITIES |
|
|
|
| Proceeds from exercise of stock options and stock issued, net |
139
|
135
|
443
|
| Excess tax benefits from stock issued under employee stock plans |
24
|
21
|
15
|
| Common stock repurchased, including related costs |
(500)
|
(476)
|
(833)
|
| Dividends paid |
(322)
|
(303)
|
(282)
|
| Issuances (payments) of commercial paper borrowings, net |
(285)
|
75
|
121
|
| Proceeds from debt |
3,772
|
250
|
2,092
|
| Payments of debt |
(925)
|
(50)
|
(1,659)
|
| Payments of debt issue costs and commitment fees |
(33)
|
0
|
(17)
|
| Purchase of shares from noncontrolling ownership interest |
(173)
|
(344)
|
0
|
| Payment of contingent consideration |
0
|
(128)
|
0
|
| Other financing activities, net |
(5)
|
(7)
|
(137)
|
| Net cash provided by (used in) financing activities |
1,692
|
(827)
|
(257)
|
| Effect of currency exchange rate changes on cash and cash equivalents |
(61)
|
(69)
|
(3)
|
| Net increase (decrease) in cash and cash equivalents |
(775)
|
69
|
179
|
| Cash and cash equivalents at beginning of period |
1,442
|
1,373
|
1,194
|
| Cash and cash equivalents at end of period |
667
|
1,442
|
1,373
|
| Supplemental Cash Flow Information |
|
|
|
| Income taxes |
133
|
140
|
246
|
| Interest |
91
|
85
|
95
|
| Noncash investing and financing activities: |
|
|
|
| Additions in noncontrolling ownership interests |
0
|
(36)
|
204
|
| Fair value of acquisition contingent consideration |
155
|
0
|
188
|
| Fair value of equity awards exchanged in business combination |
$ 35
|
$ 0
|
$ 0
|