Net Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Information Related to the Calculation of Net Earnings Per Common 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				Six-Month Period Ended
	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Numerator:
Net earnings	$	1,106	$	1,680	$	2,556	$	3,405
MCPS dividends	—		(22)		(21)		(63)
Net earnings attributable to common stockholders for Basic EPS	1,106		1,658		2,535		3,342
Adjustment for MCPS dividends for dilutive MCPS	—		—		—		20
Net earnings attributable to common stockholders after assumed conversions for Diluted EPS	$	1,106	$	1,658	$	2,535	$	3,362
Denominator:
Weighted average common shares outstanding used in Basic EPS	737.3		726.7		733.4		721.5
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive restricted stock units (“RSUs”) and performance stock units (“PSUs”)	5.9		8.2		6.8		9.3
Weighted average MCPS converted shares	1.5		1.1		—		6.0
Weighted average common shares outstanding used in Diluted EPS	744.7		736.0		740.2		736.8
Basic EPS	$	1.50	$	2.28	$	3.46	$	4.63
Diluted EPS	$	1.49	$	2.25	$	3.42	$	4.56