Net Earnings Per Common Share From Continuing Operations (Tables)

6 Months Ended

Jul. 02, 2021

Earnings Per Share [Abstract]

Components Of Basic And Diluted Earnings Per Share From Continuing Operations

Information related to the calculation of net earnings per common share from continuing operations is summarized as follows ($ and shares in millions, except per share amounts):

	Three-Month Period Ended				Six-Month Period Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Numerator:
Net earnings from continuing operations	$	1,699	$	927	$	3,401	$	1,522
MCPS dividends	(41)		(35)		(82)		(54)
Net earnings from continuing operations attributable to common stockholders for Basic EPS	1,658		892		3,319		1,468
Adjustment for interest on convertible debentures	—		1		—		1
Adjustment for MCPS dividends for dilutive MCPS	20		—		40		—
Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS	$	1,678	$	893	$	3,359	$	1,469
Denominator:
Weighted average common shares outstanding used in Basic EPS	714.5		705.1		713.9		701.1
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs	10.5		12.0		10.6		10.8
Assumed conversion of the convertible debentures	—		1.1		0.1		1.2
Weighted average MCPS converted shares	11.0		—		11.0		—
Weighted average common shares outstanding used in Diluted EPS	736.0		718.2		735.6		713.1
Basic EPS from continuing operations	$	2.32	$	1.27	$	4.65	$	2.09
Diluted EPS from continuing operations	$	2.28	$	1.24	$	4.57	$	2.06