Quarterly Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Unaudited quarterly results are as follows (in millions, except per share data):

	Year Ended December 31, 2017 (1)
	First Quarter			Second Quarter			Third Quarter (2)			Fourth Quarter (2)
Net sales	$	35,714		$	37,955		$	43,744		$	60,453
Operating income	1,005			628			347			2,127
Income before income taxes	953			666			316			1,872
Provision for income taxes	(229		)	(467		)	(58		)	(16		)
Net income	724			197			256			1,856
Basic earnings per share	1.52			0.41			0.53			3.85
Diluted earnings per share	1.48			0.40			0.52			3.75
Shares used in computation of earnings per share:
Basic	477			479			481			483
Diluted	490			492			494			496

	Year Ended December 31, 2018 (1)
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Net sales	$	51,042		$	52,886		$	56,576		$	72,383
Operating income	1,927			2,983			3,724			3,786
Income before income taxes	1,916			2,605			3,390			3,350
Provision for income taxes	(287		)	(74		)	(508		)	(327		)
Net income	1,629			2,534			2,883			3,027
Basic earnings per share	3.36			5.21			5.91			6.18
Diluted earnings per share	3.27			5.07			5.75			6.04
Shares used in computation of earnings per share:
Basic	484			486			488			490
Diluted	498			500			501			501

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(1) The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is due to the effects of rounding and changes in the number of weighted-average shares outstanding for each period.

(2) We acquired Whole Foods Market on August 28, 2017. The results of Whole Foods Market have been included in our results of operation from the date of acquisition. See Item 8 of Part II, “Financial Statements and Supplementary Data — Note 4 — Acquisitions, Goodwill, and Acquired Intangible Assets” for additional information regarding this transaction.