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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Jul. 04, 2021
Jun. 28, 2020
Income Statement [Abstract]        
Sales to customers $ 23,312 $ 18,336 $ 45,633 $ 39,027
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 7,587 $ 6,579 $ 14,650 $ 13,641
Cost of products sold percent to sales 32.50% 35.90% 32.10% 35.00%
Gross profit $ 15,725 $ 11,757 $ 30,983 $ 25,386
Gross Profit Percent To Sales 67.50% 64.10% 67.90% 65.00%
Selling, marketing and administrative expenses $ 6,073 $ 4,993 $ 11,505 $ 10,196
Selling marketing and administrative expenses percent to sales 26.10% 27.20% 25.20% 26.10%
Research and development expense $ 3,394 $ 2,707 $ 6,572 $ 5,287
Research and development expense percent to sales 14.60% 14.80% 14.40% 13.50%
In-process research and development $ 0 $ 6 $ 0 $ 6
In-process research and development percent to sales 0.00% 0.00% 0.00% 0.00%
Interest income $ (12) $ (19) $ (27) $ (86)
Interest income percent to sales (0.10%) (0.10%) 0.00% (0.20%)
Interest expense, net of portion capitalized $ 40 $ 45 $ 103 $ 70
Interest expense, net of portion capitalized percent to sales 0.20% 0.30% 0.20% 0.20%
Other (income) expense, net $ (488) $ 24 $ (1,370) $ (655)
Other (income) expense, net percent to sales (2.10%) 0.10% (3.00%) (1.70%)
Restructuring (Note 12) $ 56 $ 61 $ 109 $ 119
Restructuring charge percent to sales 0.20% 0.30% 0.20% 0.30%
Earnings before provision for taxes on income $ 6,662 $ 3,940 $ 14,091 $ 10,449
Earnings before provision for taxes on income percent to sales 28.60% 21.50% 30.90% 26.80%
Provision for taxes on income (Note 5) $ 384 $ 314 $ 1,616 $ 1,027
Provision for taxes on income percent to sales 1.70% 1.70% 3.60% 2.70%
Net earnings $ 6,278 $ 3,626 $ 12,475 $ 9,422
Net earnings percent to sales 26.90% 19.80% 27.30% 24.10%
NET EARNINGS PER SHARE        
Basic (per share) $ 2.38 $ 1.38 $ 4.74 $ 3.58
Diluted (per share) $ 2.35 $ 1.36 $ 4.67 $ 3.53
AVG. SHARES OUTSTANDING        
Basic (shares) 2,632.5 2,632.9 2,632.0 2,633.3
Diluted (shares) 2,671.6 2,665.5 2,674.0 2,671.0