v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Dec. 25, 2022
Dec. 26, 2021
Operating Activities:    
Net income from continuing operations $ 2,273 $ 3,399
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 398 406
Income tax provision (less than) in excess of income tax payments (120) 272
Share-based compensation expense 634 496
Net gains on marketable securities and other investments (25) (103)
Other items, net (33) (25)
Changes in assets and liabilities:    
Accounts receivable, net 1,694 (454)
Inventories (476) (638)
Other assets 409 (1,504)
Trade accounts payable (1,264) 781
Payroll, benefits and other liabilities (286) (495)
Unearned revenues (81) (78)
Cash Provided by (Used in) Operating Activities, Discontinued Operations (28) 0
Net cash provided by operating activities 3,095 2,057
Investing Activities:    
Capital expenditures (398) (583)
Purchases of debt and equity marketable securities (22) (517)
Proceeds from sales and maturities of debt and equity marketable securities 219 1,133
Acquisitions and other investments, net of cash acquired (29) (238)
Proceeds from Sale of Property, Plant, and Equipment 111 0
Proceeds from other investments 4 93
Other items, net (18) 0
Net cash used by investing activities (133) (112)
Financing Activities:    
Proceeds from short-term debt 1,458 710
Repayment of short-term debt (1,955) (710)
Proceeds from long-term debt 1,880 0
Repurchases and retirements of common stock (1,270) (1,178)
Dividends paid (842) (765)
Payments of tax withholdings related to vesting of share-based awards (309) (500)
Other items, net 23 (3)
Net cash used by financing activities (1,015) (2,446)
Effect of exchange rate changes on cash and cash equivalents 27 (8)
Net increase (decrease) in total cash and cash equivalents 1,974 (509)
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 $265 million classified as held for sale at December 25, 2022) 5,073 $ 6,607
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 $ 265  

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