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. 28, 2015
Jun. 29, 2014
Operating Activities:    
Net income $ 4,207 $ 6,070
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 888 853
Gain on sale of discontinued operations 0 (665)
Long-lived asset and goodwill impairment charges 304 642
Income tax provision in excess of income tax payments 159 244
Non-cash portion of share-based compensation expense 793 806
Incremental tax benefits from share-based compensation (98) (239)
Net realized gains on marketable securities and other investments (399) (685)
Impairment losses on marketable securities and other investments 161 170
Other items, net (29) (5)
Changes in assets and liabilities:    
Accounts receivable, net 438 43
Inventories (122) 116
Other assets (897) 136
Trade accounts payable (769) 321
Payroll, benefits and other liabilities (406) (337)
Unearned revenues (408) (202)
Net cash provided by operating activities 3,822 7,268
Investing Activities:    
Capital expenditures (815) (955)
Purchases of available-for-sale securities (13,118) (10,315)
Proceeds from sales and maturities of available-for-sale securities 11,897 9,744
Purchases of trading securities (1,034) (2,868)
Proceeds from sales and maturities of trading securities 1,008 2,619
Purchases of other marketable securities 0 (220)
Proceeds from sale of discontinued operations, net of cash sold 0 788
Proceeds from sales of property, plant and equipment 161 37
Acquisitions and other investments, net of cash acquired (308) (447)
Other items, net (11) 65
Net cash used by investing activities (2,220) (1,552)
Financing Activities:    
Proceeds from short-term debt 2,813 0
Proceeds from long-term debt 9,937 0
Repayment of short-term debt (1,814) 0
Proceeds from issuance of common stock 571 1,147
Repurchases and retirements of common stock (9,016) (3,354)
Dividends paid (2,142) (1,884)
Incremental tax benefits from share-based compensation 98 239
Other items, net 41 (65)
Net cash provided (used) by financing activities 488 (3,917)
Effect of exchange rate changes on cash and cash equivalents (10) 3
Net increase in cash and cash equivalents 2,080 1,802
Cash and cash equivalents at beginning of period 7,907 6,142
Cash and cash equivalents at end of period $ 9,987 $ 7,944