Net Earnings Per Common Share (Tables)

3 Months Ended

Apr. 02, 2021

Earnings Per Share [Abstract]

Components Of Basic And Diluted Earnings Per Share

Information related to the calculation of net earnings per common share is summarized as follows ($ and shares in millions, except per share amounts):

	Three-Month Period Ended
	April 2, 2021		April 3, 2020
Numerator:
Net earnings	$	1,702	$	595
MCPS dividends	(41)		(19)
Net earnings attributable to common stockholders for Basic EPS	1,661		576
Adjustment for interest on convertible debentures	—		—
Adjustment for MCPS dividends for dilutive MCPS	20		—
Net earnings attributable to common stockholders after assumed conversions for Diluted EPS	$	1,681	$	576
Denominator:
Weighted average common shares outstanding used in Basic EPS	713.2		697.2
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs	10.7		9.4
Assumed conversion of the convertible debentures	0.2		1.3
Weighted average MCPS converted shares	11.0		—
Weighted average common shares outstanding used in Diluted EPS	735.1		707.9
Basic EPS	$	2.33	$	0.83
Diluted EPS	$	2.29	$	0.81