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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Revenues        
Revenues $ 8,521 $ 6,272 $ 21,668 $ 18,713
Costs and Operating Expenses:        
Selling, general and administrative expenses 1,592 1,539 4,853 4,632
Research and development expenses 296 247 805 741
Restructuring and other costs (income), net 17 31 67 (442)
Total costs and operating expenses 6,095 5,326 16,945 15,351
Operating Income 2,426 946 4,723 3,362
Interest Income 9 52 53 179
Interest Expense (144) (164) (407) (534)
Other (Expense) Income, Net (39) (12) (36) 25
Income Before Income Taxes 2,252 822 4,333 3,032
Provision for Income Taxes (319) (62) (456) (338)
Net Income $ 1,933 $ 760 $ 3,877 $ 2,694
Earnings per Share        
Basic (in dollars per share) $ 4.88 $ 1.89 $ 9.79 $ 6.73
Diluted (in dollars per share) $ 4.84 $ 1.88 $ 9.71 $ 6.68
Weighted Average Shares        
Basic (in shares) 396 401 396 400
Diluted (in shares) 399 404 399 403
Product [Member]        
Revenues        
Revenues $ 6,782 $ 4,798 $ 16,662 $ 14,345
Costs and Operating Expenses:        
Cost of revenues 3,001 2,471 7,732 7,363
Service [Member]        
Revenues        
Revenues 1,739 1,474 5,006 4,368
Costs and Operating Expenses:        
Cost of revenues $ 1,189 $ 1,038 $ 3,488 $ 3,057