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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Sep. 24, 2017
Sep. 25, 2016
Net sales        
Products $ 10,496 $ 10,062 $ 30,837 $ 28,629
Services 1,673 1,489 5,074 4,867
Total net sales 12,169 11,551 35,911 33,496
Cost of sales        
Products (9,481) (9,027) (27,919) (25,787)
Services (1,513) (1,313) (4,547) (4,321)
Severance charges 0 0 0 (80)
Other unallocated, net 176 173 484 401
Total cost of sales (10,818) (10,167) (31,982) (29,787)
Gross profit 1,351 1,384 3,929 3,709
Other income, net 77 204 133 412
Operating profit 1,428 1,588 4,062 4,121
Interest expense (162) (162) (477) (492)
Other non-operating (expense) income, net (7) 1 (8) 2
Earnings from continuing operations before income taxes 1,259 1,427 3,577 3,631
Income tax expense (320) (338) (933) (837)
Net earnings from continuing operations 939 1,089 2,644 2,794
Net earnings from discontinued operations 0 1,306 0 1,520
Net earnings $ 939 $ 2,395 $ 2,644 $ 4,314
Basic        
Continuing operations (in dollars per share) $ 3.27 $ 3.64 $ 9.16 $ 9.25
Discontinued operations (in dollars per share) 0.00 4.38 0.00 5.03
Basic earnings per common share (in dollars per share) 3.27 8.02 9.16 14.28
Diluted        
Continuing operations (in dollars per share) 3.24 3.61 9.08 9.13
Discontinued operations (in dollars per share) 0.00 4.32 0.00 4.97
Diluted earnings per common share (in dollars per share) 3.24 7.93 9.08 14.10
Cash dividends paid per common share (in dollars per share) $ 1.82 $ 1.65 $ 5.46 $ 4.95