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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Total net sales $ 15,171 $ 14,318 $ 43,934 $ 39,351
Total cost of sales (13,108) (12,397) (37,690) (34,019)
Severance and restructuring charges 0 0 0 (96)
Gross profit 2,063 1,921 6,244 5,332
Other income, net 42 42 152 151
Operating profit 2,105 1,963 6,396 5,483
Interest expense (162) (177) (496) (497)
Other non-operating expense, net (162) (211) (491) (631)
Earnings before income taxes 1,781 1,575 5,409 4,355
Income tax expense (173) (102) (677) (562)
Net earnings $ 1,608 $ 1,473 $ 4,732 $ 3,793
Earnings per common share        
Basic (in dollars per share) $ 5.70 $ 5.18 $ 16.77 $ 13.31
Diluted (in dollars per share) 5.66 5.14 16.66 13.21
Cash dividends paid per common share (in dollars per share) $ 2.20 $ 2.00 $ 6.60 $ 6.00
Products        
Total net sales $ 12,728 $ 11,918 $ 36,701 $ 32,830
Total cost of sales (11,339) (10,701) (32,638) (29,391)
Services        
Total net sales 2,443 2,400 7,233 6,521
Total cost of sales (2,211) (2,070) (6,452) (5,726)
Other unallocated, net        
Total cost of sales $ 442 $ 374 $ 1,400 $ 1,194