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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Sales to customers $ 18,336 $ 20,562 $ 39,027 $ 40,583
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 6,579 $ 6,940 $ 13,641 $ 13,555
Cost of products sold percent to sales 35.90% 33.80% 35.00% 33.40%
Gross profit $ 11,757 $ 13,622 $ 25,386 $ 27,028
Gross profit percent to sales 64.10% 66.20% 65.00% 66.60%
Selling, marketing and administrative expenses $ 4,993 $ 5,546 $ 10,196 $ 10,765
Selling marketing and administrative expenses percent to sales 27.20% 27.00% 26.10% 26.50%
Research and development expense $ 2,707 $ 2,666 $ 5,287 $ 5,524
Research and development expense percent to sales 14.80% 13.00% 13.50% 13.60%
In-process research and development $ 6 $ 0 $ 6 $ 890
In-process research and development percent to sales 0.00% 0.00% 0.00% 2.20%
Interest income $ (19) $ (88) $ (86) $ (187)
Interest income percent to sales (0.10%) (0.40%) (0.20%) (0.50%)
Interest expense, net of portion capitalized $ 45 $ 83 $ 70 $ 185
Interest expense, net of portion capitalized percent to sales 0.30% 0.40% 0.20% 0.50%
Other (income) expense, net $ 24 $ (1,683) $ (655) $ (1,705)
Other (income) expense, net percent to sales 0.10% (8.20%) (1.70%) (4.20%)
Restructuring (Note 12) $ 61 $ 57 $ 119 $ 93
Restructuring charge percent to sales 0.30% 0.20% 0.30% 0.30%
Earnings before provision for taxes on income $ 3,940 $ 7,041 $ 10,449 $ 11,463
Earnings before provision for taxes on income percent to sales 21.50% 34.20% 26.80% 28.20%
Provision for taxes on income $ 314 $ 1,434 $ 1,027 $ 2,107
Provision for taxes on income (Note 5) 1.70% 6.90% 2.70% 5.10%
NET EARNINGS $ 3,626 $ 5,607 $ 9,422 $ 9,356
Net earnings percent to sales 19.80% 27.30% 24.10% 23.10%
NET EARNINGS PER SHARE        
Basic (per share) $ 1.38 $ 2.11 $ 3.58 $ 3.52
Diluted (per share) $ 1.36 $ 2.08 $ 3.53 $ 3.47
AVG. SHARES OUTSTANDING        
Basic (shares) 2,632,900 2,652,500 2,633,300 2,656,700
Diluted (shares) 2,665,500 2,691,700 2,671,000 2,697,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 20,000   15,000