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Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 24, 2012
Jun. 30, 2013
Jun. 24, 2012
Net sales        
Products $ 9,005 $ 9,543 $ 17,711 $ 18,691
Services 2,403 2,378 4,767 4,523
Total net sales 11,408 11,921 22,478 23,214
Cost of sales        
Products (7,815) (8,351) (15,486) (16,431)
Services (2,137) (2,115) (4,271) (4,032)
Severance charges     (30) [1]  
Other unallocated costs (232) (283) (426) (570)
Total cost of sales (10,184) (10,749) (20,213) (21,033)
Gross profit 1,224 1,172 2,265 2,181
Other income, net 74 20 152 55
Operating profit 1,298 1,192 2,417 2,236
Interest expense (88) (96) (180) (192)
Other non-operating income (expense), net 1 21 (1) 24
Earnings before income taxes 1,211 1,117 2,236 2,068
Income tax expense (352) (336) (616) (619)
Net earnings $ 859 $ 781 $ 1,620 $ 1,449
Earnings per common share        
Basic, in USD per common share $ 2.68 $ 2.41 $ 5.04 $ 4.47
Diluted, in USD per common share $ 2.64 $ 2.38 $ 4.97 $ 4.41
Cash dividends paid per common share $ 1.15 $ 1.00 $ 2.30 $ 2.00
[1] Severance charges for the six months ended June 30, 2013 consisted of amounts, net of state tax benefits, associated with the elimination of certain positions at our IS&GS business segment during the quarter ended March 31, 2013 (Note 8, under the caption "Severance Activities"). Severance charges for initiatives that are not significant are included in business segment operating profit.