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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 25, 2016
Sep. 27, 2015
Sep. 25, 2016
Sep. 27, 2015
Net sales        
Products $ 10,062 $ 8,593 $ 28,629 $ 25,066
Services 1,489 1,467 4,867 3,950
Total net sales 11,551 10,060 33,496 29,016
Cost of sales        
Products (9,027) (7,668) (25,787) (22,238)
Services (1,313) (1,248) (4,321) (3,347)
Severance charges   (15) (80) (15)
Other unallocated, net 173 (32) 401 (61)
Total cost of sales (10,167) (8,963) (29,787) (25,661)
Gross profit 1,384 1,097 3,709 3,355
Other income, net 204 95 412 257
Operating profit 1,588 1,192 4,121 3,612
Interest expense (162) (104) (492) (301)
Other non-operating income, net 1 1 2 6
Earnings from continuing operations before income taxes 1,427 1,089 3,631 3,317
Income tax expense (338) (333) (837) (1,008)
Net earnings from continuing operations 1,089 756 2,794 2,309
Net earnings from discontinued operations 1,306 109 1,520 363
Net earnings $ 2,395 $ 865 $ 4,314 $ 2,672
Basic        
Continuing operations $ 3.64 $ 2.45 $ 9.25 $ 7.41
Discontinued operations 4.38 0.35 5.03 1.16
Basic earnings per common share 8.02 2.80 14.28 8.57
Diluted        
Continuing operations 3.61 2.42 9.13 7.30
Discontinued operations 4.32 0.35 4.97 1.15
Diluted earnings per common share 7.93 2.77 14.10 8.45
Cash dividends paid per common share in USD $ 1.65 $ 1.50 $ 4.95 $ 4.50