XML 45 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Sep. 27, 2015
Sep. 28, 2014
Income Statement [Abstract]        
Sales to customers (Note 9) $ 17,102 $ 18,467 $ 52,263 $ 56,077
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 5,224 $ 5,399 $ 15,863 $ 16,893
Cost of products sold percent to sales 30.50% 29.20% 30.40% 30.10%
Gross profit $ 11,878 $ 13,068 $ 36,400 $ 39,184
Gross profit percent to sales 69.50% 70.80% 69.60% 69.90%
Selling, marketing and administrative expenses $ 5,081 $ 5,468 $ 15,312 $ 16,132
Selling marketing and administrative expenses percent to sales 29.70% 29.60% 29.30% 28.80%
Research and development expense $ 2,154 $ 2,023 $ 6,182 $ 5,859
Research and development expense percent to sales 12.60% 11.00% 11.80% 10.50%
In-process research and development $ 10 $ 0 $ 10 $ 22
In-process research and development percent to sales 0.10% 0.00% 0.00% 0.00%
Interest income $ (32) $ (18) $ (75) $ (50)
Interest income percent to sales (0.20%) (0.10%) (0.10%) (0.10%)
Interest expense, net of portion capitalized $ 123 $ 130 $ 392 $ 394
Interest expense, net of portion capitalized percent to sales 0.70% 0.70% 0.70% 0.70%
Other (income) expense, net $ 420 $ (1,345) $ (859) $ (1,033)
Other (income) expense, net percent to sales 2.50% (7.30%) (1.60%) (1.80%)
Earnings before provision for taxes on income $ 4,122 $ 6,810 $ 15,438 $ 17,860
Earnings before provision for taxes on income percent to sales 24.10% 36.90% 29.50% 31.80%
Provision for taxes on income (Note 5) $ 764 $ 2,061 $ 3,244 $ 4,058
Provision for taxes on income perent to sales 4.50% 11.20% 6.20% 7.20%
NET EARNINGS $ 3,358 $ 4,749 $ 12,194 $ 13,802
Net earnings percent to sales 19.60% 25.70% 23.30% 24.60%
NET EARNINGS PER SHARE (Note 8)        
Basic (per share) $ 1.21 $ 1.69 $ 4.39 $ 4.89
Diluted (per share) 1.20 1.66 4.33 4.81
CASH DIVIDENDS PER SHARE $ 0.75 $ 0.70 $ 2.20 $ 2.06
AVG. SHARES OUTSTANDING        
Basic (shares) 2,768.4 2,814.4 2,774.8 2,822.0
Diluted (shares) 2,807.2 2,864.3 2,817.1 2,871.2