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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 6,383 $ 6,570 $ 19,270 $ 19,780
Cost of products sold 4,197 4,335 12,547 13,171
Gross profit 2,186 2,235 6,723 6,609
Selling, general and administrative expenses, excluding impairment losses 859 920 2,718 2,675
Goodwill impairment losses 707 510 1,561 510
Intangible asset impairment losses 721 152 721 152
Selling, general and administrative expenses 2,287 1,582 5,000 3,337
Operating income/(loss) (101) 653 1,723 3,272
Interest expense 230 228 685 683
Other expense/(income) (48) (35) (56) (94)
Income/(loss) before income taxes (283) 460 1,094 2,683
Provision for/(benefit from) income taxes 7 206 480 594
Net income/(loss) (290) 254 614 2,089
Net income/(loss) attributable to noncontrolling interest 0 (8) 1 (9)
Net income/(loss) attributable to common shareholders $ (290) $ 262 $ 613 $ 2,098
Per share data applicable to common shareholders:        
Basic earnings/(loss) per common share (in dollars per share) $ (0.24) $ 0.21 $ 0.51 $ 1.71
Diluted earnings/(loss) per common share (in dollars per share) $ (0.24) $ 0.21 $ 0.50 $ 1.70