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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Sep. 25, 2022
Sep. 26, 2021
Net sales        
Total net sales $ 16,583 $ 16,028 $ 46,993 $ 49,315
Cost of sales        
Severance and restructuring charges 0 0 0 (36)
Other unallocated, net 327 444 875 1,345
Total cost of sales (14,463) (13,726) (41,008) (42,676)
Gross profit 2,120 2,302 5,985 6,639
Other income (expense), net 39 (8) 70 29
Operating profit 2,159 2,294 6,055 6,668
Interest expense (145) (141) (421) (423)
Non-service FAS pension income (expense) 111 (1,572) (1,080) (1,385)
Other non-operating (expense) income, net (26) 98 (64) 200
Earnings before income taxes 2,099 679 4,490 5,060
Income tax expense (321) (65) (670) (794)
Net earnings $ 1,778 $ 614 $ 3,820 $ 4,266
Earnings per common share        
Basic (in dollars per share) $ 6.73 $ 2.22 $ 14.36 $ 15.37
Diluted (in dollars per share) 6.71 2.21 14.31 15.32
Cash dividends paid per common share (in dollars per share) $ 2.80 $ 2.60 $ 8.40 $ 7.80
Products        
Net sales        
Total net sales $ 14,011 $ 13,475 $ 39,266 $ 41,486
Cost of sales        
Total cost of sales (12,547) (11,838) (35,103) (36,985)
Services        
Net sales        
Total net sales 2,572 2,553 7,727 7,829
Cost of sales        
Total cost of sales $ (2,243) $ (2,332) $ (6,780) $ (7,000)