XML 27 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
Income Statement [Abstract]        
Sales to customers $ 23,791 $ 23,338 $ 71,237 $ 68,971
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 7,807 $ 7,250 $ 23,324 $ 21,900
Cost of products sold percent to sales 32.80% 31.10% 32.70% 31.80%
Gross profit $ 15,984 $ 16,088 $ 47,913 $ 47,071
Gross Profit Percent To Sales 67.20% 68.90% 67.30% 68.20%
Selling, marketing and administrative expenses $ 6,089 $ 6,000 $ 18,253 $ 17,505
Selling marketing and administrative expenses percent to sales 25.60% 25.70% 25.70% 25.40%
Research and development expense $ 3,597 $ 3,422 $ 10,762 $ 9,994
Research and development expense percent to sales 15.10% 14.70% 15.10% 14.50%
In-process research and development $ 0 $ 900 $ 610 $ 900
In-process research and development percent to sales 0.00% 3.90% 0.90% 1.30%
Interest income $ (150) $ (13) $ (236) $ (40)
Interest income percent to sales (0.60%) (0.10%) (0.30%) (0.10%)
Interest expense, net of portion capitalized $ 51 $ 20 $ 99 $ 123
Interest expense, net of portion capitalized percent to sales 0.20% 0.10% 0.10% 0.20%
Other (income) expense, net $ 493 $ 1,850 $ 664 $ 480
Other (income) expense, net percent to sales 2.10% 7.90% 0.90% 0.70%
Restructuring (Note 12) $ 82 $ 60 $ 237 $ 169
Restructuring charge percent to sales 0.30% 0.20% 0.30% 0.20%
Earnings before provision for taxes on income $ 5,822 $ 3,849 $ 17,524 $ 17,940
Earnings before provision for taxes on income percent to sales 24.50% 16.50% 24.60% 26.00%
Provision for taxes on income (Note 5) $ 1,364 $ 182 $ 3,103 $ 1,798
Provision for taxes on income percent to sales 5.80% 0.80% 4.40% 2.60%
Net earnings $ 4,458 $ 3,667 $ 14,421 $ 16,142
Net earnings percent to sales 18.70% 15.70% 20.20% 23.40%
NET EARNINGS PER SHARE        
Basic (per share) $ 1.70 $ 1.39 $ 5.49 $ 6.13
Diluted (per share) $ 1.68 $ 1.37 $ 5.41 $ 6.04
AVG. SHARES OUTSTANDING        
Basic (shares) 2,627.9 2,632.6 2,628.9 2,632.2
Diluted (shares) 2,661.3 2,674.9 2,667.5 2,674.6