XML 22 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Income Statement [Abstract]    
Sales to customers $ 23,426 $ 22,321
Sales to customers percent to sales 100.00% 100.00%
Cost of products sold $ 7,598 $ 7,063
Cost of products sold percent to sales 32.40% 31.70%
Gross profit $ 15,828 $ 15,258
Gross Profit Percent To Sales 67.60% 68.30%
Selling, marketing and administrative expenses $ 5,938 $ 5,432
Selling marketing and administrative expenses percent to sales 25.40% 24.30%
Research and development expense $ 3,462 $ 3,178
Research and development expense percent to sales 14.80% 14.20%
In-process research and development $ 610 $ 0
In-process research and development percent to sales 2.60% 0.00%
Interest income $ (22) $ (15)
Interest income percent to sales (0.10%) (0.10%)
Interest expense, net of portion capitalized $ 10 $ 63
Interest expense, net of portion capitalized percent to sales 0.00% 0.30%
Other (income) expense, net $ (102) $ (882)
Other (income) expense, net percent to sales (0.40%) (3.90%)
Restructuring (Note 12) $ 70 $ 53
Restructuring charge percent to sales 0.30% 0.20%
Earnings before provision for taxes on income $ 5,862 $ 7,429
Earnings before provision for taxes on income percent to sales 25.00% 33.30%
Provision for taxes on income (Note 5) $ 713 $ 1,232
Provision for taxes on income percent to sales 3.00% 5.50%
Net earnings $ 5,149 $ 6,197
Net earnings percent to sales 22.00% 27.80%
NET EARNINGS PER SHARE    
Basic (per share) $ 1.96 $ 2.35
Diluted (per share) $ 1.93 $ 2.32
AVG. SHARES OUTSTANDING    
Basic (shares) 2,629.2 2,631.6
Diluted (shares) 2,666.5 2,672.7