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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended
Mar. 26, 2017
Mar. 27, 2016
Net sales    
Products $ 9,513 $ 8,752
Services 1,544 1,616
Total net sales 11,057 10,368
Cost of sales    
Products (8,687) (7,887)
Services (1,376) (1,437)
Severance charges   (80)
Other unallocated, net 159 131
Total cost of sales (9,904) (9,273)
Gross profit 1,153 1,095
Other (expense) income, net (4) 63
Operating profit 1,149 1,158
Interest expense (155) (165)
Other non-operating income, net 1 1
Earnings from continuing operations before income taxes 995 994
Income tax expense (232) (188)
Net earnings from continuing operations 763 806
Net earnings from discontinued operations   92
Net earnings $ 763 $ 898
Basic    
Continuing operations $ 2.63 $ 2.65
Discontinued operations   0.30
Basic earnings per common share 2.63 2.95
Diluted    
Continuing operations 2.61 2.61
Discontinued operations   0.30
Diluted earnings per common share 2.61 2.91
Cash dividends paid per common share $ 1.82 $ 1.65