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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 24, 2023
Sep. 25, 2022
Sep. 24, 2023
Sep. 25, 2022
Net sales        
Total net sales $ 16,878 $ 16,583 $ 48,697 $ 46,993
Cost of sales        
Other unallocated, net 251 265 883 689
Total cost of sales (14,830) (14,463) (42,513) (41,008)
Gross profit 2,048 2,120 6,184 5,985
Other (expense) income, net (6) 39 30 70
Operating profit 2,042 2,159 6,214 6,055
Interest expense (237) (145) (662) (421)
Non-service FAS pension income (expense) 111 111 332 (1,080)
Other non-operating income (expense), net 37 (26) 69 (64)
Earnings before income taxes 1,953 2,099 5,953 4,490
Income tax expense (269) (321) (899) (670)
Net earnings $ 1,684 $ 1,778 $ 5,054 $ 3,820
Earnings per common share        
Basic (in dollars per share) $ 6.75 $ 6.73 $ 20.04 $ 14.36
Diluted (in dollars per share) 6.73 6.71 19.97 14.31
Cash dividends paid per common share (in dollars per share) $ 3.00 $ 2.80 $ 9.00 $ 8.40
Products        
Net sales        
Total net sales $ 14,014 $ 14,011 $ 40,298 $ 39,266
Cost of sales        
Total cost of sales (12,571) (12,493) (35,960) (34,939)
Services        
Net sales        
Total net sales 2,864 2,572 8,399 7,727
Cost of sales        
Total cost of sales $ (2,510) $ (2,235) $ (7,436) $ (6,758)