XML 40 R49.htm IDEA: XBRL DOCUMENT v3.19.3
Restatement of Previously Issued Condensed Consolidated Financial Statements Schedule of Restatement of Consolidated Statement of Income (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Statements of Income        
Net sales $ 6,076 $ 6,383 $ 18,441 $ 19,377
Cost of products sold 4,129 4,289 12,401 12,672
Gross profit 1,947 2,094 6,040 6,705
Selling, general and administrative expenses, excluding impairment losses 762 803 2,341 2,323
Goodwill impairment losses 0 0 744 133
Intangible asset impairment losses 5 217 479 318
Selling, general and administrative expenses 767 1,020 3,564 2,774
Operating income/(loss) 1,180 1,074 2,476 3,931
Interest expense 398 326 1,035 959
Other expense/(income) (380) (71) (893) (181)
Income/(loss) before income taxes 1,162 819 2,334 3,153
Provision for/(benefit from) income taxes 264 201 584 779
Net income/(loss) 898 618 1,750 2,374
Net income/(loss) attributable to noncontrolling interest (1) (1) (3) (2)
Net income/(loss) attributable to common shareholders $ 899 $ 619 $ 1,753 $ 2,376
Basic earnings/(loss) per share (in dollars per share) $ 0.74 $ 0.51 $ 1.44 $ 1.95
Diluted earnings/(loss) per share (in dollars per share) $ 0.74 $ 0.50 $ 1.43 $ 1.94
As Previously Reported        
Statements of Income        
Net sales   $ 6,378   $ 19,368
Cost of products sold   4,271   12,651
Gross profit   2,107   6,717
Selling, general and administrative expenses, excluding impairment losses   803   2,338
Goodwill impairment losses   0   164
Intangible asset impairment losses   234   335
Selling, general and administrative expenses   1,037   2,837
Operating income/(loss)   1,070   3,880
Interest expense   327   962
Other expense/(income)   (71)   (196)
Income/(loss) before income taxes   814   3,114
Provision for/(benefit from) income taxes   186   738
Net income/(loss)   628   2,376
Net income/(loss) attributable to noncontrolling interest   (2)   (3)
Net income/(loss) attributable to common shareholders   $ 630   $ 2,379
Basic earnings/(loss) per share (in dollars per share)   $ 0.52   $ 1.95
Diluted earnings/(loss) per share (in dollars per share)   $ 0.51   $ 1.94
Restatement Impacts        
Statements of Income        
Selling, general and administrative expenses, excluding impairment losses       $ (15)
Other expense/(income)       15
Restatement Impacts | Restatement        
Statements of Income        
Net sales   $ 5   9
Cost of products sold   18   21
Gross profit   (13)   (12)
Selling, general and administrative expenses, excluding impairment losses   0    
Goodwill impairment losses   0   (31)
Intangible asset impairment losses   (17)   (17)
Selling, general and administrative expenses   (17)   (63)
Operating income/(loss)   4   51
Interest expense   (1)   (3)
Other expense/(income)   0    
Income/(loss) before income taxes   5   39
Provision for/(benefit from) income taxes   15   41
Net income/(loss)   (10)   (2)
Net income/(loss) attributable to noncontrolling interest   1   1
Net income/(loss) attributable to common shareholders   $ (11)   $ (3)
Basic earnings/(loss) per share (in dollars per share)   $ (0.01)   $ 0
Diluted earnings/(loss) per share (in dollars per share)   $ (0.01)   $ 0
Restatement Impacts | Restatement, Supplier Rebates        
Statements of Income        
Cost of products sold   $ 13   $ 22
Provision for/(benefit from) income taxes   (2)   (3)
Restatement Impacts | Restatement, Capital Leases        
Statements of Income        
Cost of products sold   1   1
Interest expense   (1)   (3)
Provision for/(benefit from) income taxes   1   1
Restatement Impacts | Restatement, Income Taxes        
Statements of Income        
Provision for/(benefit from) income taxes   14   40
Restatement Impacts | Restatement, Impairments        
Statements of Income        
Selling, general and administrative expenses   (17)   (48)
Provision for/(benefit from) income taxes   4   4
Restatement Impacts | Restatement, Other Misclassifications        
Statements of Income        
Net sales   5   9
Cost of products sold   5   (2)
Selling, general and administrative expenses   1   1
Interest expense   (1)   (1)
Provision for/(benefit from) income taxes   (1)   1
Net income/(loss) attributable to noncontrolling interest   $ (1)   $ (1)