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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Income Statement [Abstract]        
Sales to customers (Note 9) $ 22,447 $ 21,519 $ 43,830 $ 42,413
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 6,869 $ 6,462 $ 13,380 $ 13,149
Cost of products sold percent to sales 30.60% 30.00% 30.50% 31.00%
Gross profit $ 15,578 $ 15,057 $ 30,450 $ 29,264
Gross Profit Percent To Sales 69.40% 70.00% 69.50% 69.00%
Selling, marketing and administrative expenses $ 5,681 $ 5,396 $ 10,938 $ 10,302
Selling marketing and administrative expenses percent to sales 25.30% 25.10% 25.00% 24.30%
Research and development expense $ 3,440 $ 3,703 $ 6,982 $ 7,158
Research and development expense percent to sales 15.30% 17.20% 16.00% 16.90%
In-process research and development impairments $ 194 $ 0 $ 194 $ 49
In-process research and development percent to sales 0.90% 0.00% 0.40% 0.10%
Interest income $ (395) $ (326) $ (759) $ (524)
Interest income percent to sales (1.80%) (1.50%) (1.80%) (1.20%)
Interest expense, net of portion capitalized $ 270 $ 217 $ 425 $ 429
Interest expense, net of portion capitalized percent to sales 1.20% 1.00% 1.00% 1.00%
Other (income) expense, net $ 653 $ (384) $ 3,057 $ 6,556
Other (income) expense, net percent to sales 2.90% (1.80%) 7.00% 15.50%
Restructuring (Note 12) $ (13) $ 145 $ 151 $ 275
Restructuring charge percent to sales 0.00% 0.70% 0.30% 0.60%
Earnings before provision for taxes on income $ 5,748 $ 6,306 $ 9,462 $ 5,019
Earnings before provision for taxes on income percent to sales 25.60% 29.30% 21.60% 11.80%
Provision for taxes on income (Note 5) $ 1,062 $ 930 $ 1,521 $ 134
Provision for taxes on income percent to sales 4.70% 4.30% 3.50% 0.30%
Net earnings from continuing operations $ 4,686 $ 5,376 $ 7,941 $ 4,885
Net earnings from continuing operations percent of sales 20.90% 25.00% 18.10% 11.50%
Net earnings (loss) from discontinued operations, net of tax (Note 13) $ 0 $ (232) $ 0 $ 191
Net earnings $ 4,686 $ 5,144 $ 7,941 $ 5,076
NET EARNINGS PER SHARE        
Continuing operations - basic (in dollars per share) $ 1.95 $ 2.07 $ 3.30 $ 1.88
Discontinued operations - basic (in dollars per share) 0 (0.09) 0 0.07
Total net earnings per share - basic (in dollars per share) 1.95 1.98 3.30 1.95
Continuing operations - diluted (in dollars per share) 1.93 2.05 3.27 1.86
Discontinued operations - diluted (in dollars per share) 0 (0.09) 0 0.07
Total net earnings per share - diluted (in dollars per share) $ 1.93 $ 1.96 $ 3.27 $ 1.93
Avg. shares outstanding        
Basic (shares) 2,406.8 2,598.4 2,407.5 2,601.9
Diluted (shares) 2,422.0 2,625.7 2,428.5 2,630.7