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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Income Statement [Abstract]        
Sales to customers (Note 9) $ 22,471 $ 21,351 $ 66,301 $ 63,764
Sales to customers percent to sales 100.00% 100.00% 100.00% 100.00%
Cost of products sold $ 6,963 $ 6,606 $ 20,343 $ 19,755
Cost of products sold percent to sales 31.00% 30.90% 30.70% 31.00%
Gross profit $ 15,508 $ 14,745 $ 45,958 $ 44,009
Gross Profit Percent To Sales 69.00% 69.10% 69.30% 69.00%
Selling, marketing and administrative expenses $ 5,478 $ 5,400 $ 16,416 $ 15,702
Selling marketing and administrative expenses percent to sales 24.30% 25.30% 24.80% 24.60%
Research and development expense $ 4,952 $ 3,447 $ 11,934 $ 10,605
Research and development expense percent to sales 22.00% 16.20% 18.00% 16.60%
In-process research and development impairments $ 0 $ 206 $ 194 $ 255
In-process research and development percent to sales 0.00% 1.00% 0.30% 0.40%
Interest income $ (292) $ (374) $ (1,051) $ (898)
Interest income percent to sales (1.30%) (1.70%) (1.60%) (1.40%)
Interest expense, net of portion capitalized $ 193 $ 192 $ 618 $ 621
Interest expense, net of portion capitalized percent to sales 0.90% 0.90% 0.90% 1.00%
Other (income) expense, net $ 1,798 $ 499 $ 4,855 $ 7,055
Other (income) expense, net percent to sales 8.00% 2.30% 7.30% 11.10%
Restructuring (Note 12) $ 41 $ 158 $ 192 $ 433
Restructuring charge percent to sales 0.20% 0.70% 0.30% 0.60%
Earnings before provision for taxes on income $ 3,338 $ 5,217 $ 12,800 $ 10,236
Earnings before provision for taxes on income percent to sales 14.90% 24.40% 19.30% 16.10%
Provision for taxes on income (Note 5) $ 644 $ 908 $ 2,165 $ 1,042
Provision for taxes on income percent to sales 2.90% 4.20% 3.30% 1.70%
Net earnings from continuing operations $ 2,694 $ 4,309 $ 10,635 $ 9,194
Net earnings from continuing operations percent of sales 12.00% 20.20% 16.00% 14.40%
Net earnings from discontinued operations, net of tax (Note 13) $ 0 $ 21,719 $ 0 $ 21,910
Net earnings $ 2,694 $ 26,028 $ 10,635 $ 31,104
NET EARNINGS PER SHARE        
Continuing operations - basic (in dollars per share) $ 1.12 $ 1.71 $ 4.42 $ 3.57
Discontinued operations - basic (in dollars per share) 0 8.61 0 8.51
Total net earnings per share - basic (in dollars per share) 1.12 10.32 4.42 12.08
Continuing operations - diluted (in dollars per share) 1.11 1.69 4.38 3.53
Discontinued operations - diluted (in dollars per share) 0 8.52 0 8.42
Total net earnings per share - diluted (in dollars per share) $ 1.11 $ 10.21 $ 4.38 $ 11.95
Avg. shares outstanding        
Basic (shares) 2,407.2 2,522.9 2,407.4 2,575.6
Diluted (shares) 2,427.9 2,549.7 2,429.5 2,603.4