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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 25, 2017
Jun. 26, 2016
Jun. 25, 2017
Jun. 26, 2016
Net sales        
Products $ 10,828 $ 9,815 $ 20,341 $ 18,567
Services 1,857 1,762 3,401 3,378
Total net sales 12,685 11,577 23,742 21,945
Cost of sales        
Products (9,751) (8,873) (18,438) (16,760)
Services (1,658) (1,571) (3,034) (3,008)
Severance charges       (80)
Other unallocated, net 149 97 308 228
Total cost of sales (11,260) (10,347) (21,164) (19,620)
Gross profit 1,425 1,230 2,578 2,325
Other income, net 60 145 56 208
Operating profit 1,485 1,375 2,634 2,533
Interest expense (160) (165) (315) (330)
Other non-operating (expense) income, net (2)   (1) 1
Earnings from continuing operations before income taxes 1,323 1,210 2,318 2,204
Income tax expense (381) (311) (613) (499)
Net earnings from continuing operations 942 899 1,705 1,705
Net earnings from discontinued operations   122   214
Net earnings $ 942 $ 1,021 $ 1,705 $ 1,919
Basic        
Continuing operations $ 3.27 $ 2.97 $ 5.90 $ 5.61
Discontinued operations   0.40   0.71
Basic earnings per common share 3.27 3.37 5.90 6.32
Diluted        
Continuing operations 3.23 2.93 5.84 5.54
Discontinued operations   0.39   0.69
Diluted earnings per common share 3.23 3.32 5.84 6.23
Cash dividends paid per common share $ 1.82 $ 1.65 $ 3.64 $ 3.30