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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Jun. 27, 2021
Jun. 28, 2020
Net sales        
Total net sales $ 17,029 $ 16,220 $ 33,287 $ 31,871
Cost of sales        
Total cost of sales (14,878) (14,007) (28,950) (27,567)
Severance and restructuring charges 0 0 (36) 0
Gross profit 2,151 2,213 4,337 4,304
Other income (expense), net 41 (127) 37 (96)
Operating profit 2,192 2,086 4,374 4,208
Interest expense (142) (149) (282) (297)
Other non-operating income, net 120 25 289 81
Earnings before income taxes 2,170 1,962 4,381 3,992
Income tax expense (355) (336) (729) (649)
Net earnings $ 1,815 $ 1,626 $ 3,652 $ 3,343
Earnings per common share        
Basic earnings per common share (in dollars per share) $ 6.54 $ 5.81 $ 13.13 $ 11.92
Diluted earnings per common share (in dollars per share) 6.52 5.79 13.08 11.87
Cash dividends paid per common share (in dollars per share) $ 2.60 $ 2.40 $ 5.20 $ 4.80
Products        
Net sales        
Total net sales $ 14,258 $ 13,572 $ 28,011 $ 26,738
Cost of sales        
Total cost of sales (12,866) (12,092) (25,147) (23,834)
Services        
Net sales        
Total net sales 2,771 2,648 5,276 5,133
Cost of sales        
Total cost of sales (2,438) (2,339) (4,668) (4,552)
Other unallocated, net        
Cost of sales        
Total cost of sales $ 426 $ 424 $ 901 $ 819