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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 24, 2018
Jun. 30, 2019
Jun. 24, 2018
Total net sales $ 14,427 $ 13,398 $ 28,763 $ 25,033
Total cost of sales (12,434) (11,645) (24,582) (21,622)
Severance and restructuring charges 0 (96) 0 (96)
Gross profit 1,993 1,753 4,181 3,411
Other income, net 15 42 110 109
Operating profit 2,008 1,795 4,291 3,520
Interest expense (163) (165) (334) (320)
Other non-operating expense, net (162) (210) (329) (420)
Earnings before income taxes 1,683 1,420 3,628 2,780
Income tax expense (263) (257) (504) (460)
Net earnings $ 1,420 $ 1,163 $ 3,124 $ 2,320
Earnings per common share        
Basic (in dollars per share) $ 5.03 $ 4.08 $ 11.07 $ 8.13
Diluted (in dollars per share) 5.00 4.05 11.00 8.07
Cash dividends paid per common share (in dollars per share) $ 2.20 $ 2.00 $ 4.40 $ 4.00
Products        
Total net sales $ 12,003 $ 11,150 $ 23,973 $ 20,912
Total cost of sales (10,674) (9,993) (21,299) (18,690)
Services        
Total net sales 2,424 2,248 4,790 4,121
Total cost of sales (2,194) (1,967) (4,241) (3,656)
Other unallocated, net        
Total cost of sales $ 434 $ 411 $ 958 $ 820