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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
Income Statement [Abstract]        
Sales to customers (Note 9) $ 18,482 $ 17,787 $ 35,964 $ 35,161
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 5,336 $ 5,357 $ 10,665 $ 10,639
Cost of products sold percent to sales 28.90% 30.10% 29.60% 30.20%
Gross profit $ 13,146 $ 12,430 $ 25,299 $ 24,522
Gross profit percent to sales 71.10% 69.90% 70.40% 69.80%
Selling, marketing and administrative expenses $ 5,176 $ 5,384 $ 9,864 $ 10,231
Selling marketing and administrative expenses percent to sales 28.00% 30.30% 27.40% 29.10%
Research and development expense $ 2,264 $ 2,129 $ 4,277 $ 4,028
Research and development expense percent to sales 12.20% 12.00% 11.90% 11.50%
Research and Development in Process $ 29 $ 0 $ 29 $ 0
Research and development in process percent to sales 0.20% 0.00% 0.10% 0.00%
Interest income $ (88) $ (24) $ (171) $ (43)
Interest income percent to sales (0.50%) (0.10%) (0.50%) (0.10%)
Interest expense, net of portion capitalized $ 190 $ 131 $ 350 $ 269
Interest expense, net of portion capitalized percent to sales 1.10% 0.70% 1.00% 0.70%
Other (income) expense, net $ 557 $ (931) $ 518 $ (1,279)
Other (income) expense, net percent to sales 3.00% (5.30%) 1.40% (3.60%)
Restructuring (Note 12) $ 114 $ 0 $ 234 $ 0
Restructuring charge percent to sales 0.60% 0.00% 0.70% 0.00%
Earnings before provision for taxes on income $ 4,904 $ 5,741 $ 10,198 $ 11,316
Earnings before provision for taxes on income percent to sales 26.50% 32.30% 28.40% 32.20%
Provision for taxes on income (Note 5) $ 907 $ 1,225 $ 1,744 $ 2,480
Provision for taxes on income perent to sales 4.90% 6.90% 4.90% 7.10%
NET EARNINGS $ 3,997 $ 4,516 $ 8,454 $ 8,836
Net earnings percent to sales 21.60% 25.40% 23.50% 25.10%
NET EARNINGS PER SHARE (Note 8)        
Basic (per share) $ 1.46 $ 1.63 $ 3.07 $ 3.18
Diluted (per share) 1.43 1.61 3.02 3.13
CASH DIVIDENDS PER SHARE $ 0.80 $ 0.75 $ 1.55 $ 1.45
AVG. SHARES OUTSTANDING        
Basic (shares) 2,745.4 2,772.3 2,751.4 2,777.7
Diluted (shares) 2,794.2 2,812.0 2,800.9 2,821.0