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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Net sales        
Total net sales $ 16,495 $ 15,171 $ 48,366 $ 43,934
Cost of sales        
Total cost of sales (14,359) (13,108) (41,926) (37,690)
Gross profit 2,136 2,063 6,440 6,244
Other (expense) income, net 11 42 (85) 152
Operating profit 2,147 2,105 6,355 6,396
Interest expense (145) (162) (442) (496)
Other non-operating income (expense), net 54 (162) 135 (491)
Earnings from continuing operations before income taxes 2,056 1,781 6,048 5,409
Income tax expense (303) (173) (952) (677)
Net earnings from continuing operations 1,753 1,608 5,096 4,732
Net loss from discontinued operations (55) 0 (55) 0
Net earnings $ 1,698 $ 1,608 $ 5,041 $ 4,732
Basic        
Continuing operations (in dollars per share) $ 6.28 $ 5.70 $ 18.19 $ 16.77
Discontinued operations (in dollars per share) (0.20) 0 (0.20) 0
Basic earnings per common share (in dollars per share) 6.08 5.70 17.99 16.77
Diluted        
Continuing operations (in dollars per share) 6.25 5.66 18.12 16.66
Discontinued operations (in dollars per share) (0.20) 0 (0.20) 0
Diluted earnings per common share (in dollars per share) 6.05 5.66 17.92 16.66
Cash dividends paid per common share (in dollars per share) $ 2.40 $ 2.20 $ 7.20 $ 6.60
Products        
Net sales        
Total net sales $ 13,869 $ 12,728 $ 40,607 $ 36,701
Cost of sales        
Total cost of sales (12,370) (11,339) (36,204) (32,638)
Services        
Net sales        
Total net sales 2,626 2,443 7,759 7,233
Cost of sales        
Total cost of sales (2,363) (2,211) (6,915) (6,452)
Other unallocated, net        
Cost of sales        
Total cost of sales $ 374 $ 442 $ 1,193 $ 1,400