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
 3 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Operating Activities:    
Net Income $ 925 $ 1,068
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 351 353
Income tax provision less than income tax payments (131) (663)
Non-cash portion of share-based compensation expense 294 230
Net (gains) losses on marketable securities and other investments (79) 37
Indefinite and long-lived asset impairment charges 0 150
Impairment losses on other investments 72 9
Other items, net (26) (34)
Changes in assets and liabilities:    
Accounts receivable, net (262) 415
Inventories (17) (18)
Other assets (119) (148)
Trade accounts payable 396 (403)
Payroll, benefits and other liabilities (171) (578)
Unearned revenues (115) (62)
Net Cash Provided by Operating Activities 1,118 356
Investing Activities:    
Capital expenditures (296) (152)
Proceeds from sales and maturities of debt and equity marketable securities 129 35
Acquisitions and other investments, net of cash acquired (75) (56)
Proceeds from other investments 26 23
Other items, net 13 (2)
Net Cash Used by Investing Activities (203) (152)
Financing Activities:    
Proceeds from short-term debt 558 1,784
Repayment of short-term debt (558) (1,790)
Proceeds from issuance of common stock 23 28
Repurchases and retirements of common stock (762) (1,019)
Dividends paid (710) (750)
Payments of tax withholdings related to vesting of share-based awards (201) (139)
Other items, net (9) (1)
Net Cash Used by Financing Activities (1,659) (1,887)
Cash And Cash Equivalents Held For Sale, Period Increase (Decrease) 0 (25)
Effect of exchange rate changes on cash and cash equivalents 14 (3)
Net decrease in total cash and cash equivalents (730) (1,711)
Total cash and cash equivalents at beginning of period 11,839 11,777
Total cash and cash equivalents at end of period $ 11,109 $ 10,066