Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
Apr. 01, 2023	Mar. 26, 2022
Income Statement [Abstract]
Net sales	$ 6,489	$ 6,045
Cost of products sold	4,376	4,114
Gross profit	2,113	1,931
Selling, general and administrative expenses, excluding impairment losses	870	827
Goodwill impairment losses	0	(11)
Selling, general and administrative expenses	870	816
Operating income/(loss)	1,243	1,115
Interest expense	227	242
Other expense/(income)	(35)	(98)
Income/(loss) before income taxes	1,051	971
Provision for/(benefit from) income taxes	214	190
Net income/(loss)	837	781
Net income/(loss) attributable to noncontrolling interest	1	5
Net income/(loss) attributable to common shareholders	$ 836	$ 776
Per share data applicable to common shareholders:
Basic earnings/(loss) per common share (in dollars per share)	$ 0.68	$ 0.63
Diluted earnings/(loss) per common share (in dollars per share)	$ 0.68	$ 0.63

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.