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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Jun. 28, 2019
Jun. 29, 2018
Net sales $ 3,389 $ 3,581 $ 10,148 $ 10,479
Cost of sales 2,279 2,394 6,806 6,916
Gross margin 1,110 1,187 3,342 3,563
Selling, general, and administrative expenses 356 394 1,118 1,180
Research, development, and engineering expenses 158 171 485 509
Acquisition and integration costs 9 4 21 9
Restructuring and other charges, net 67 64 184 104
Operating income 520 554 1,534 1,761
Interest income 4 3 13 11
Interest expense (13) (26) (55) (80)
Other income (expense), net 2 (1) 2 2
Income from continuing operations before income taxes 513 530 1,494 1,694
Income tax (expense) benefit 245 (77) 76 (784)
Income from continuing operations 758 453 1,570 910
Income (loss) from discontinued operations, net of income taxes (1) 1 (98) (6)
Net income $ 757 $ 454 $ 1,472 $ 904
Basic earnings per share:        
Income from continuing operations (in dollars per share) $ 2.25 $ 1.30 $ 4.63 $ 2.59
Income (loss) from discontinued operations (in dollars per share)     (0.29) (0.02)
Net income (in dollars per share) 2.25 1.30 4.34 2.58
Diluted earnings per share:        
Income from continuing operations (in dollars per share) 2.24 1.29 4.60 2.57
Income (loss) from discontinued operations (in dollars per share)     (0.29) (0.02)
Net income (in dollars per share) $ 2.23 $ 1.29 $ 4.32 $ 2.55
Weighted-average number of shares outstanding:        
Basic (in shares) 337 349 339 351
Diluted (in shares) 339 352 341 354