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Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2014
Sep. 29, 2013
Sep. 28, 2014
Sep. 29, 2013
Net sales        
Products $ 8,602 $ 8,859 $ 25,992 $ 26,570
Services 2,512 2,488 7,078 7,255
Total net sales 11,114 11,347 33,070 33,825
Cost of sales        
Products (7,659) (7,759) (22,928) (23,245)
Services (2,228) (2,202) (6,241) (6,473)
Severance charges       (30) [1]
Other unallocated, net 48 (202) 86 (628)
Total cost of sales (9,839) (10,163) (29,083) (30,376)
Gross profit 1,275 1,184 3,987 3,449
Other income, net 117 70 263 222
Operating profit 1,392 1,254 4,250 3,671
Interest expense (82) (84) (253) (264)
Other non-operating income, net 1 3 3 2
Earnings from continuing operations before income taxes 1,311 1,173 4,000 3,409
Income tax expense (423) (331) (1,290) (947)
Net earnings from continuing operations 888 842 2,710 2,462
Net earnings from discontinued operations   31   31
Net earnings $ 888 $ 873 $ 2,710 $ 2,493
Basic        
Continuing operations per common share in USD $ 2.81 $ 2.62 $ 8.54 $ 7.66
Discontinued operations per common share in USD   $ 0.10   $ 0.10
Basic earnings per common share in USD $ 2.81 $ 2.72 $ 8.54 $ 7.76
Diluted        
Continuing operations per common share in USD $ 2.76 $ 2.57 $ 8.39 $ 7.54
Discontinued operations per common share in USD   $ 0.09   $ 0.09
Diluted earnings per common share in USD $ 2.76 $ 2.66 $ 8.39 $ 7.63
Cash dividends paid per common share in USD $ 1.33 $ 1.15 $ 3.99 $ 3.45
[1] Severance charges during the nine months ended September 29, 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.