Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Jun. 23, 2024
Jun. 25, 2023
Operating Activities:    
Net income from continuing operations $ 7,195 $ 5,710
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,267 1,347
Income tax provision less than income tax payments (2,538) (836)
Share-based compensation expense 1,951 1,876
Net gains on marketable securities and other investments (314) (84)
Impairment losses on other investments 66 120
Other items, net (63) 23
Changes in assets and liabilities:    
Accounts receivable, net 221 1,807
Inventories 397 (192)
Other assets 120 604
Trade accounts payable 691 (2,052)
Payroll, benefits and other liabilities 654 (604)
Unearned revenues (1) (116)
Net cash used by operating activities from discontinued operations (91) (394)
Net cash provided by operating activities 9,555 7,209
Investing Activities:    
Capital expenditures (785) (1,157)
Purchases of debt and equity marketable securities (4,156) (22)
Proceeds from sales and maturities of debt and equity marketable securities 1,895 1,119
Acquisitions and other investments, net of cash acquired (234) (107)
Proceeds from sales of property, plant and equipment 10 121
Proceeds from other investments 70 13
Other items, net (36) 18
Net cash (used) provided by investing activities from discontinued operations (2) 1,395
Net cash (used) provided by investing activities (3,238) 1,380
Financing Activities:    
Proceeds from short-term debt 799 4,668
Repayment of short-term debt (799) (5,166)
Proceeds from long-term debt 0 1,880
Repayment of long-term debt (914) (1,446)
Proceeds from issuance of common stock 196 233
Repurchases and retirements of common stock (2,818) (2,573)
Dividends paid (2,739) (2,569)
Payments of tax withholdings related to vesting of share-based awards (797) (499)
Other items, net (17) (16)
Net cash provided (used) by financing activities from discontinued operations 19 (58)
Net cash used by financing activities (7,070) (5,546)
Effect of exchange rate changes on cash and cash equivalents (4) 35
Net (decrease) increase in total cash and cash equivalents (757) 3,078
Total cash and cash equivalents at beginning of period (including $77 and $326 classified as held for sale at September 24, 2023 and September 25, 2022, respectively) 8,527 3,099
Total cash and cash equivalents at end of period (including $90 classified as held for sale at June 25, 2023) 7,770 6,177
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents, Beginning of Period $ 77 326
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents, End of Period   $ 90