Net Earnings Per Common Share (Tables)

6 Months Ended

Jul. 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 from continuing operations is summarized as follows ($ and shares in millions, except per share amounts):

	Three-Month Period Ended				Six-Month Period Ended
	July 1, 2022		July 2, 2021		July 1, 2022		July 2, 2021
Numerator:
Net earnings from continuing operations	$	1,680	$	1,699	$	3,405	$	3,401
MCPS dividends	(22)		(41)		(63)		(82)
Net earnings from continuing operations attributable to common stockholders for Basic EPS	1,658		1,658		3,342		3,319
Adjustment for MCPS dividends for dilutive MCPS	—		20		20		40
Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS	$	1,658	$	1,678	$	3,362	$	3,359
Denominator:
Weighted average common shares outstanding used in Basic EPS	726.7		714.5		721.5		713.9
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs	8.2		10.5		9.3		10.6
Assumed conversion of the convertible debentures	—		—		—		0.1
Weighted average MCPS converted shares	1.1		11.0		6.0		11.0
Weighted average common shares outstanding used in Diluted EPS	736.0		736.0		736.8		735.6
Basic EPS from continuing operations	$	2.28	$	2.32	$	4.63	$	4.65
Diluted EPS from continuing operations	$	2.25	$	2.28	$	4.56	$	4.57