XML 29 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 01, 2023
Jan. 02, 2022
Jan. 03, 2021
Income Statement [Abstract]      
Sales to customers $ 94,943 $ 93,775 $ 82,584
Cost of products sold 31,089 29,855 28,427
Gross profit 63,854 63,920 54,157
Selling, marketing and administrative expenses 24,765 24,659 22,084
Research and development expense 14,603 14,714 12,159
In-process research and development (Note 5) 783 900 181
Interest income (490) (53) (111)
Interest expense, net of portion capitalized (Note 4) 276 183 201
Other (income) expense, net 1,871 489 2,899
Restructuring (Note 20) 321 252 247
Earnings before provision for taxes on income 21,725 22,776 16,497
Provision for taxes on income (Note 8) 3,784 1,898 1,783
Net earnings $ 17,941 $ 20,878 $ 14,714
Net earnings per share (Notes 1 and 15)      
Basic (in dollars per share) $ 6.83 $ 7.93 $ 5.59
Diluted (in dollars per share) $ 6.73 $ 7.81 $ 5.51
Average shares outstanding (Notes 1 and 15)      
Basic (in shares) 2,625.2 2,632.1 2,632.8
Diluted (in shares) 2,663.9 2,674.0 2,670.7