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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Operating Activities:    
Net Income $ 2,238 $ 3,880
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,054 1,051
Income tax provision (less than) in excess of income tax payments (459) 2,206
Non-cash portion of share-based compensation expense 899 698
Net gains on marketable securities and other investments (269) (340)
Indefinite and long-lived asset impairment charges 0 203
Impairment losses on other investments 349 111
Other items, net (108) (207)
Changes in assets and liabilities:    
Accounts receivable, net 622 1,451
Inventories (938) (95)
Other assets (139) 15
Trade accounts payable 745 (267)
Payroll, benefits and other liabilities 277 (2,534)
Unearned revenues (198) (113)
Net cash provided by operating activities 4,073 6,059
Investing Activities:    
Capital expenditures (1,059) (570)
Purchases of debt and equity marketable securities (4,848) 0
Proceeds from sales and maturities of debt and equity marketable securities 1,011 174
Acquisitions and other investments, net of cash acquired (159) (185)
Other items, net 130 112
Net cash used by investing activities (4,925) (469)
Financing Activities:    
Proceeds from short-term debt 2,286 4,808
Repayment of short-term debt (2,285) (4,813)
Proceeds from long-term debt 1,989 0
Repayment of long-term debt (2,000) 0
Proceeds from issuance of common stock 176 264
Repurchases and retirements of common stock (2,450) (1,088)
Dividends paid (2,148) (2,257)
Payments of tax withholdings related to vesting of share-based awards (326) (225)
Other items, net (113) (135)
Net cash used by financing activities (4,871) (3,446)
Effect of exchange rate changes on cash and cash equivalents 4 2
Net (decrease) increase in total cash and cash equivalents (5,719) 2,146
Total cash and cash equivalents at beginning of period 11,839 11,777
Total cash and cash equivalents at end of period $ 6,120 $ 13,923

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