Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Operating Activities:    
Net income from continuing operations $ 5,710 $ 10,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,347 1,272
Income tax provision less than income tax payments (836) (234)
Share-based compensation expense 1,876 1,510
Net (gains) losses on marketable securities and other investments (84) 374
Impairment losses on other investments 120 41
Other items, net 23 (41)
Changes in assets and liabilities:    
Accounts receivable, net 1,807 (216)
Inventories (192) (2,201)
Other assets 604 (2,360)
Trade accounts payable (2,052) 948
Payroll, benefits and other liabilities (604) (1,274)
Unearned revenues (116) (232)
Net cash used by operating activities from discontinued operations (394) 0
Net cash provided by operating activities 7,209 7,650
Investing Activities:    
Capital expenditures (1,157) (1,628)
Purchases of debt and equity marketable securities (22) (1,269)
Proceeds from sales and maturities of debt and equity marketable securities 1,119 1,960
Acquisitions and other investments, net of cash acquired (107) (4,743)
Proceeds from sales of property, plant and equipment 121 0
Proceeds from other investments 13 125
Other items, net 18 41
Net cash provided by investing activities from discontinued operations 1,395 0
Net cash provided (used) by investing activities 1,380 (5,514)
Financing Activities:    
Proceeds from short-term debt 4,668 3,065
Repayment of short-term debt (5,166) (3,066)
Repayment of debt of acquired company 0 (349)
Proceeds from long-term debt 1,880 1,477
Repayment of long-term debt 1,446 1,540
Proceeds from issuance of common stock 233 188
Repurchases and retirements of common stock (2,573) (2,629)
Dividends paid (2,569) (2,371)
Payments of tax withholdings related to vesting of share-based awards (499) (751)
Other items, net (16) (28)
Net cash used by financing activities from discontinued operations (58) 0
Net cash used by financing activities (5,546) (6,004)
Effect of exchange rate changes on cash and cash equivalents 35 (50)
Net increase (decrease) in total cash and cash equivalents 3,078 (3,918)
Total cash and cash equivalents at beginning of period (including $326 million classified as held for sale at September 25, 2022) 3,099 7,116
Total cash and cash equivalents at end of period (including $90 and $522 million classified as held for sale at June 25, 2023 and June 26, 2022, respectively) 6,177 3,198
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents, Beginning of Period 326  
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents, End of Period $ 90 $ 522