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Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Sales $ 5,743 $ 5,912 $ 11,539 $ 11,861
Cost of sales (2,315) (2,594) (4,624) (4,881)
Gross profit 3,428 3,318 6,915 6,980
Operating costs:        
Selling, general and administrative expenses (1,869) (1,794) (3,676) (3,566)
Research and development expenses (391) (361) (759) (734)
Operating profit 1,168 1,163 2,480 2,680
Nonoperating income (expense):        
Other income (expense), net (59) (15) (95) 9
Interest expense (65) (65) (130) (131)
Interest income 39 59 99 107
Earnings before income taxes 1,083 1,142 2,354 2,665
Income taxes (176) (222) (359) (505)
Net earnings from continuing operations 907 920 1,995 2,160
Earnings from discontinued operations, net of income taxes 0 186 0 396
Net earnings 907 1,106 1,995 2,556
Mandatory convertible preferred stock dividends 0 0 0 (21)
Net earnings attributable to common stockholders $ 907 $ 1,106 $ 1,995 $ 2,535
Net earnings per common share        
Net earnings per common share from continuing operations, basic (in usd per share) $ 1.23 $ 1.25 $ 2.70 $ 2.92
Net earnings per common share from continuing operations, diluted (in usd per share) 1.22 1.24 2.68 [1] 2.89
Net earnings per common share from discontinued operations, basic (in usd per share) 0 0.25 0 0.54
Net earnings per common share from discontinued operations, diluted (in usd per share) 0 0.25 0 0.53
Net earnings per common share, basic (in usd per share) 1.23 1.50 2.70 3.46
Net earnings per common share, diluted (in usd per share) $ 1.22 $ 1.49 $ 2.68 [1] $ 3.42 [1]
Average common stock and common equivalent shares outstanding:        
Basic (in shares) 737.6 737.3 739.1 733.4
Diluted (in shares) 742.4 744.7 745.5 740.2
[1]
(a) Net earnings per common share amounts for the relevant three-month periods do not add to the six-month period amount due to rounding.