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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Income Statement [Abstract]        
Sales to customers $ 21,082 $ 20,729 $ 60,109 $ 61,312
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 6,972 $ 6,867 $ 20,613 $ 20,422
Cost of products sold percent to sales 33.10% 33.10% 34.30% 33.30%
Gross profit $ 14,110 $ 13,862 $ 39,496 $ 40,890
Gross profit percent to sales 66.90% 66.90% 65.70% 66.70%
Selling, marketing and administrative expenses $ 5,431 $ 5,374 $ 15,627 $ 16,139
Selling marketing and administrative expenses percent to sales 25.80% 26.00% 26.00% 26.30%
Research and development expense $ 2,840 $ 2,599 $ 8,127 $ 8,123
Research and development expense percent to sales 13.50% 12.50% 13.50% 13.30%
In-process research and development $ 138 $ 0 $ 144 $ 890
In-process research and development percent to sales 0.60% 0.00% 0.30% 1.40%
Interest income $ (12) $ (89) $ (98) $ (276)
Interest income percent to sales (0.10%) (0.40%) (0.20%) (0.50%)
Interest expense, net of portion capitalized $ 44 $ 48 $ 114 $ 233
Interest expense, net of portion capitalized percent to sales 0.20% 0.20% 0.20% 0.40%
Other (income) expense, net $ 1,200 $ 4,214 $ 545 $ 2,509
Other (income) expense, net percent to sales 5.70% 20.30% 0.90% 4.10%
Restructuring (Note 12) $ 68 $ 69 $ 187 $ 162
Restructuring charge percent to sales 0.30% 0.40% 0.30% 0.30%
Earnings before provision for taxes on income $ 4,401 $ 1,647 $ 14,850 $ 13,110
Earnings before provision for taxes on income percent to sales 20.90% 7.90% 24.70% 21.40%
Provision for taxes on income $ 847 $ (106) $ 1,874 $ 2,001
Provision for (benefit from) taxes on income (Note 5) 4.00% (0.60%) 3.10% 3.30%
NET EARNINGS $ 3,554 $ 1,753 $ 12,976 $ 11,109
Net earnings percent to sales 16.90% 8.50% 21.60% 18.10%
NET EARNINGS PER SHARE        
Basic (per share) $ 1.35 $ 0.67 $ 4.93 $ 4.19
Diluted (per share) $ 1.33 $ 0.66 $ 4.86 $ 4.13
AVG. SHARES OUTSTANDING        
Basic (shares) 2,632,500 2,635,200 2,633,000 2,649,500
Diluted (shares) 2,669,300 2,669,900 2,670,800 2,688,100
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 20,000 19,000 17,000