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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Sales to customers $ 20,691 $ 20,021
Sales to customers percent to sales 100.00% 100.00%
Cost of products sold $ 7,062 $ 6,615
Cost of products sold percent to sales 34.10% 33.00%
Gross profit $ 13,629 $ 13,406
Gross profit percent to sales 65.90% 67.00%
Selling, marketing and administrative expenses $ 5,203 $ 5,219
Selling marketing and administrative expenses percent to sales 25.10% 26.10%
Research and development expense $ 2,580 $ 2,858
Research and development expense percent to sales 12.50% 14.30%
In-process research and development $ 0 $ 890
In-process research and development percent to sales 0.00% 4.40%
Interest income $ (67) $ (99)
Interest income percent to sales (0.30%) (0.50%)
Interest expense, net of portion capitalized $ 25 $ 102
Interest expense, net of portion capitalized percent to sales 0.10% 0.50%
Other (income) expense, net $ (679) $ (22)
Other (income) expense, net percent to sales (3.30%) (0.10%)
Restructuring (Note 12) $ 58 $ 36
Restructuring charge percent to sales 0.30% 0.20%
Earnings before provision for taxes on income $ 6,509 $ 4,422
Earnings before provision for taxes on income percent to sales 31.50% 22.10%
Provision for taxes on income $ 713 $ 673
Provision for taxes on income (Note 5) 3.50% 3.40%
NET EARNINGS $ 5,796 $ 3,749
Net earnings percent to sales 28.00% 18.70%
NET EARNINGS PER SHARE    
Basic (per share) $ 2.20 $ 1.41
Diluted (per share) $ 2.17 $ 1.39
AVG. SHARES OUTSTANDING    
Basic (shares) 2,633.7 2,660.8
Diluted (shares) 2,671.0 2,698.8