Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
Mar. 26, 2022	Mar. 27, 2021
Income Statement [Abstract]
Net sales	$ 6,045	$ 6,394
Cost of products sold	4,114	4,193
Gross profit	1,931	2,201
Selling, general and administrative expenses, excluding impairment losses	827	882
Goodwill impairment losses	(11)	230
Selling, general and administrative expenses	816	1,112
Operating income/(loss)	1,115	1,089
Interest expense	242	415
Other expense/(income)	(98)	(30)
Income/(loss) before income taxes	971	704
Provision for/(benefit from) income taxes	190	136
Net income/(loss)	781	568
Net income/(loss) attributable to noncontrolling interest	5	5
Net income/(loss) attributable to common shareholders	$ 776	$ 563
Per share data applicable to common shareholders:
Basic earnings/(loss) per share (in dollars per share)	$ 0.63	$ 0.46
Diluted earnings/(loss) per share (in dollars per share)	$ 0.63	$ 0.46

The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses, excluding goodwill and intangible asset impairment losses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

No definition available.