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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2016
Sep. 27, 2015
Oct. 02, 2016
Sep. 27, 2015
Income Statement [Abstract]        
Sales to customers (Note 9) $ 17,820 $ 17,102 $ 53,784 $ 52,263
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 5,486 $ 5,224 $ 16,151 $ 15,863
Cost of products sold percent to sales 30.80% 30.50% 30.00% 30.40%
Gross profit $ 12,334 $ 11,878 $ 37,633 $ 36,400
Gross profit percent to sales 69.20% 69.50% 70.00% 69.60%
Selling, marketing and administrative expenses $ 4,772 $ 5,081 $ 14,636 $ 15,312
Selling marketing and administrative expenses percent to sales 26.80% 29.70% 27.20% 29.30%
Research and development expense $ 2,178 $ 2,154 $ 6,455 $ 6,182
Research and development expense percent to sales 12.20% 12.60% 12.00% 11.80%
In-process research and development $ 0 $ 10 $ 29 $ 10
In-process research and development percent to sales 0.00% 0.10% 0.10% 0.00%
Interest income $ (97) $ (32) $ (268) $ (75)
Interest income percent to sales (0.50%) (0.20%) (0.50%) (0.10%)
Interest expense, net of portion capitalized $ 192 $ 123 $ 542 $ 392
Interest expense, net of portion capitalized percent to sales 1.00% 0.70% 1.00% 0.70%
Other (income) expense, net $ (54) $ 420 $ 464 $ (859)
Other (income) expense, net percent to sales (0.20%) 2.50% 0.90% (1.60%)
Restructuring (Note 12) $ 62 $ 0 $ 296 $ 0
Restructuring charge percent to sales 0.30% 0.00% 0.50% 0.00%
Earnings before provision for taxes on income $ 5,281 $ 4,122 $ 15,479 $ 15,438
Earnings before provision for taxes on income percent to sales 29.60% 24.10% 28.80% 29.50%
Provision for taxes on income (Note 5) $ 1,009 $ 764 $ 2,753 $ 3,244
Provision for taxes on income perent to sales 5.60% 4.50% 5.10% 6.20%
NET EARNINGS $ 4,272 $ 3,358 $ 12,726 $ 12,194
Net earnings percent to sales 24.00% 19.60% 23.70% 23.30%
NET EARNINGS PER SHARE (Note 8)        
Basic (per share) $ 1.56 $ 1.21 $ 4.64 $ 4.39
Diluted (per share) 1.53 1.20 4.55 4.33
CASH DIVIDENDS PER SHARE $ 0.80 $ 0.75 $ 2.35 $ 2.20
AVG. SHARES OUTSTANDING        
Basic (shares) 2,731.6 2,768.4 2,744.9 2,774.8
Diluted (shares) 2,785.4 2,807.2 2,796.6 2,817.1