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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Revenues        
Revenues $ 9,330 $ 8,521 $ 28,509 $ 21,668
Costs and Operating Expenses:        
Selling, general and administrative expenses 2,004 1,592 5,729 4,853
Research and development expenses 351 296 1,014 805
Restructuring and other costs 18 17 151 67
Total costs and operating expenses 7,052 6,095 21,019 16,945
Operating Income 2,278 2,426 7,490 4,723
Interest Income 9 9 32 53
Interest Expense (128) (144) (375) (407)
Other Income (Expense) 14 (39) (174) (36)
Income Before Income Taxes 2,173 2,252 6,973 4,333
Provision for Income Taxes (271) (319) (906) (456)
Net Income $ 1,902 $ 1,933 $ 6,067 $ 3,877
Earnings per Share        
Basic (in dollars per share) $ 4.83 $ 4.88 $ 15.41 $ 9.79
Diluted (in dollars per share) $ 4.79 $ 4.84 $ 15.29 $ 9.71
Weighted Average Shares        
Basic (in shares) 394 396 394 396
Diluted (in shares) 397 399 397 399
Product [Member]        
Revenues        
Revenues $ 7,360 $ 6,782 $ 22,430 $ 16,662
Costs and Operating Expenses:        
Cost of revenues 3,298 3,001 9,977 7,732
Service [Member]        
Revenues        
Revenues 1,970 1,739 6,079 5,006
Costs and Operating Expenses:        
Cost of revenues $ 1,381 $ 1,189 $ 4,148 $ 3,488