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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. 29, 2014
Jun. 30, 2013
Jun. 29, 2014
Jun. 30, 2013
Net sales        
Products $ 8,980 $ 9,005 $ 17,390 $ 17,711
Services 2,326 2,403 4,566 4,767
Total net sales 11,306 11,408 21,956 22,478
Cost of sales        
Products (7,930) (7,815) (15,269) (15,486)
Services (2,063) (2,137) (4,013) (4,271)
Severance charges       (30) [1]
Other unallocated, net 28 (232) 38 (426)
Total cost of sales (9,965) (10,184) (19,244) (20,213)
Gross profit 1,341 1,224 2,712 2,265
Other income, net 85 74 146 152
Operating profit 1,426 1,298 2,858 2,417
Interest expense (85) (88) (171) (180)
Other non-operating income (expense), net   1 2 (1)
Earnings before income taxes 1,341 1,211 2,689 2,236
Income tax expense (452) (352) (867) (616)
Net earnings $ 889 $ 859 $ 1,822 $ 1,620
Earnings per common share        
Basic earnings per common share in USD $ 2.81 $ 2.68 $ 5.73 $ 5.04
Diluted earnings per common share in USD $ 2.76 $ 2.64 $ 5.63 $ 4.97
Cash dividends paid per common share $ 1.33 $ 1.15 $ 2.66 $ 2.30
[1] Severance charges during 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 (Note 8, under the caption "Restructuring Charges"). Severance charges for initiatives that are not significant are included in business segment operating profit.