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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Sales to customers $ 20,729 $ 20,348 $ 61,312 $ 61,187
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 6,867 $ 6,589 $ 20,422 $ 20,130
Cost of products sold percent to sales 33.10% 32.40% 33.30% 32.90%
Gross profit $ 13,862 $ 13,759 $ 40,890 $ 41,057
Gross profit percent to sales 66.90% 67.60% 66.70% 67.10%
Selling, marketing and administrative expenses $ 5,374 $ 5,543 $ 16,139 $ 16,549
Selling marketing and administrative expenses percent to sales 26.00% 27.30% 26.30% 27.10%
Research and development expense $ 2,599 $ 2,508 $ 8,123 $ 7,551
Research and development expense percent to sales 12.50% 12.30% 13.30% 12.30%
In-process research and development $ 0 $ 1,126 $ 890 $ 1,126
In-process research and development percent to sales 0.00% 5.60% 1.40% 1.80%
Interest income $ (89) $ (175) $ (276) $ (415)
Interest income percent to sales (0.40%) (0.90%) (0.50%) (0.60%)
Interest expense, net of portion capitalized $ 48 $ 243 $ 233 $ 755
Interest expense, net of portion capitalized percent to sales 0.20% 1.20% 0.40% 1.20%
Other (income) expense, net $ 4,214 $ 3 $ 2,509 $ 427
Other (income) expense, net percent to sales 20.30% 0.00% 4.10% 0.70%
Restructuring (Note 12) $ 69 $ 88 $ 162 $ 187
Restructuring charge percent to sales 0.40% 0.40% 0.30% 0.30%
Earnings before provision for taxes on income $ 1,647 $ 4,423 $ 13,110 $ 14,877
Earnings before provision for taxes on income percent to sales 7.90% 21.70% 21.40% 24.30%
Provision for taxes on income $ (106) $ 489 $ 2,001 $ 2,622
Provision for (Benefit from) taxes on income (Note 5) (0.60%) 2.40% 3.30% 4.30%
NET EARNINGS $ 1,753 $ 3,934 $ 11,109 $ 12,255
Net earnings percent to sales 8.50% 19.30% 18.10% 20.00%
NET EARNINGS PER SHARE        
Basic (per share) $ 0.67 $ 1.47 $ 4.19 $ 4.57
Diluted (per share) $ 0.66 $ 1.44 $ 4.13 $ 4.49
AVG. SHARES OUTSTANDING        
Basic (shares) 2,635.2 2,683.2 2,649.5 2,682.6
Diluted (shares) 2,669.9 2,727.6 2,688.1 2,729.6