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
 6 Months Ended
Mar. 26, 2023
Mar. 27, 2022
Operating Activities:    
Net income from continuing operations $ 3,975 $ 6,333
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 868 834
Income tax provision less than income tax payments (631) (403)
Share-based compensation expense 1,262 994
Net (gains) losses on marketable securities and other investments (45) 213
Impairment losses on other investments 101 21
Other items, net 16 (56)
Changes in assets and liabilities:    
Accounts receivable, net 1,964 (501)
Inventories (396) (1,337)
Other assets 615 (1,812)
Trade accounts payable (2,358) 979
Payroll, benefits and other liabilities (672) (371)
Unearned revenues (86) (139)
Net cash used by operating activities from discontinued operations (61) 0
Net cash provided by operating activities 4,552 4,755
Investing Activities:    
Capital expenditures (851) (1,074)
Purchases of debt and equity marketable securities (22) (936)
Proceeds from sales and maturities of debt and equity marketable securities 491 1,563
Acquisitions and other investments, net of cash acquired (61) (288)
Proceeds from sales of property, plant and equipment 121 0
Proceeds from other investments 11 97
Other items, net (4) 0
Net cash used by investing activities from discontinued operations (42) 0
Net cash used by investing activities (357) (638)
Financing Activities:    
Proceeds from short-term debt 4,668 1,462
Repayment of short-term debt (4,668) (1,462)
Proceeds from long-term debt 1,880 0
Repayment of long-term debt 1,446 0
Proceeds from issuance of common stock 232 187
Repurchases and retirements of common stock (2,173) (2,129)
Dividends paid (1,676) (1,529)
Payments of tax withholdings related to vesting of share-based awards (332) (562)
Other items, net (43) (11)
Net cash used by financing activities (3,558) (4,044)
Effect of exchange rate changes on cash and cash equivalents 46 (16)
Net increase in total cash and cash equivalents 683 57
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 $294 million classified as held for sale at March 26, 2023) 3,782 $ 7,173
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 $ 294