Net Earnings Per Common Share (Tables)

3 Months Ended

Apr. 01, 2022

Earnings Per Share [Abstract]

Information Related to the Calculation of Net Earnings Per Common Share

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

	Three-Month Period Ended
	April 1, 2022		April 2, 2021
Numerator:
Net earnings	$	1,725	$	1,702
MCPS dividends	(41)		(41)
Net earnings attributable to common stockholders for Basic EPS	1,684		1,661
Adjustment for MCPS dividends for dilutive MCPS	20		20
Net earnings attributable to common stockholders after assumed conversions for Diluted EPS	$	1,704	$	1,681
Denominator:
Weighted average common shares outstanding used in Basic EPS	716.3		713.2
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs	10.4		10.7
Assumed conversion of the convertible debentures	—		0.2
Weighted average MCPS converted shares	11.0		11.0
Weighted average common shares outstanding used in Diluted EPS	737.7		735.1
Basic EPS	$	2.35	$	2.33
Diluted EPS	$	2.31	$	2.29