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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Revenues        
Revenues $ 6,917 $ 6,316 $ 13,147 $ 12,441
Costs and Operating Expenses:        
Selling, general and administrative expenses 1,710 1,565 3,261 3,093
Research and development expenses 264 246 509 494
Restructuring and other costs (income), net 12 (484) 50 (473)
Total costs and operating expenses 5,526 4,820 10,850 10,025
Operating Income 1,391 1,496 2,297 2,416
Interest Income 8 60 44 127
Interest Expense (137) (181) (263) (370)
Other (Expense) Income, Net (9) 18 3 37
Income Before Income Taxes 1,253 1,393 2,081 2,210
Provision for Income Taxes (97) (274) (137) (276)
Net Income $ 1,156 $ 1,119 $ 1,944 $ 1,934
Earnings per Share        
Basic (in dollars per share) $ 2.92 $ 2.80 $ 4.91 $ 4.84
Diluted (in dollars per share) $ 2.90 $ 2.77 $ 4.87 $ 4.80
Weighted Average Shares        
Basic (in shares) 395 400 396 400
Diluted (in shares) 398 403 399 403
Product [Member]        
Revenues        
Revenues $ 5,250 $ 4,827 $ 9,880 $ 9,547
Costs and Operating Expenses:        
Cost of revenues 2,391 2,478 4,731 4,892
Service [Member]        
Revenues        
Revenues 1,667 1,489 3,267 2,894
Costs and Operating Expenses:        
Cost of revenues $ 1,149 $ 1,015 $ 2,299 $ 2,019