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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Revenues        
Revenues $ 6,078 $ 4,990 $ 11,931 $ 9,755
Costs and Operating Expenses:        
Selling, general and administrative expenses 1,542 1,291 3,057 2,625
Research and development expenses 242 222 476 437
Restructuring and other costs, net 17 22 62 46
Total costs and operating expenses 5,141 4,241 10,208 8,386
Operating Income 937 749 1,723 1,369
Other Expense, Net (131) (123) (283) (240)
Income from Continuing Operations Before Income Taxes 806 626 1,440 1,129
(Provision for) Benefit from Income Taxes (54) (13) (109) 35
Income from Continuing Operations 752 613 1,331 1,164
Loss from Discontinued Operations (net of income tax benefit of $0, $0, $0 and $0) 0 (1) 0 (1)
Net Income $ 752 $ 612 $ 1,331 $ 1,163
Earnings per Share from Continuing Operations        
Basic (in dollars per share) $ 1.87 $ 1.57 $ 3.31 $ 2.98
Diluted (in dollars per share) 1.85 1.56 3.28 2.96
Earnings per Share        
Basic (in dollars per share) 1.87 1.57 3.31 2.98
Diluted (in dollars per share) $ 1.85 $ 1.56 $ 3.28 $ 2.95
Weighted Average Shares        
Basic (in shares) 403 390 402 390
Diluted (in shares) 406 393 406 394
Cash Dividends Declared per Common Share (in dollars per share) $ 0.17 $ 0.15 $ 0.34 $ 0.3
Product [Member]        
Revenues        
Revenues $ 4,708 $ 4,298 $ 9,236 $ 8,400
Costs and Operating Expenses:        
Cost of revenues 2,390 2,244 4,715 4,373
Service [Member]        
Revenues        
Revenues 1,370 692 2,695 1,355
Costs and Operating Expenses:        
Cost of revenues $ 950 $ 462 $ 1,898 $ 905