XML 20 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
Sep. 30, 2018
Oct. 01, 2017
Income Statement [Abstract]        
Sales to customers (Note 9) $ 20,348 $ 19,650 $ 61,187 $ 56,255
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 6,589 $ 6,925 $ 20,130 $ 18,180
Cost of products sold percent to sales 32.40% 35.20% 32.90% 32.30%
Gross profit $ 13,759 $ 12,725 $ 41,057 $ 38,075
Gross profit percent to sales 67.60% 64.80% 67.10% 67.70%
Selling, marketing and administrative expenses $ 5,543 $ 5,423 $ 16,549 $ 15,475
Selling marketing and administrative expenses percent to sales 27.30% 27.60% 27.10% 27.50%
Research and development expense $ 2,508 $ 2,585 $ 7,551 $ 6,951
Research and development expense percent to sales 12.30% 13.20% 12.30% 12.40%
In-process research and development $ 1,126 $ 0 $ 1,126 $ 0
In-process research and development percent to sales 5.60% 0.00% 1.80% 0.00%
Interest income $ (175) $ (74) $ (415) $ (300)
Interest income percent to sales (0.90%) (0.40%) (0.60%) (0.50%)
Interest expense, net of portion capitalized $ 243 $ 229 $ 755 $ 660
Interest expense, net of portion capitalized percent to sales 1.20% 1.20% 1.20% 1.10%
Other (income) expense, net $ 3 $ (297) $ 427 $ 11
Other (income) expense, net percent to sales 0.00% (1.50%) 0.70% 0.00%
Restructuring (Note 12) $ 88 $ 69 $ 187 $ 165
Restructuring charge percent to sales 0.40% 0.30% 0.30% 0.30%
Earnings before provision for taxes on income $ 4,423 $ 4,790 $ 14,877 $ 15,113
Earnings before provision for taxes on income percent to sales 21.70% 24.40% 24.30% 26.90%
Provision for taxes on income (Note 5) $ 489 $ 1,026 $ 2,622 $ 3,100
Provision for taxes on income perent to sales 2.40% 5.20% 4.30% 5.50%
NET EARNINGS $ 3,934 $ 3,764 $ 12,255 $ 12,013
Net earnings percent to sales 19.30% 19.20% 20.00% 21.40%
NET EARNINGS PER SHARE (Note 8)        
Basic (per share) $ 1.47 $ 1.40 $ 4.57 $ 4.46
Diluted (per share) 1.44 1.37 4.49 4.37
CASH DIVIDENDS PER SHARE $ 0.90 $ 0.84 $ 2.64 $ 2.48
AVG. SHARES OUTSTANDING        
Basic (shares) 2,683.2 2,684.6 2,682.6 2,694.4
Diluted (shares) 2,727.6 2,737.7 2,729.6 2,746.4