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Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Income Statement [Abstract]        
Sales $ 5,798 $ 5,624 $ 17,337 $ 17,485
Cost of sales (2,397) (2,349) (7,021) (7,230)
Gross profit 3,401 3,275 10,316 10,255
Operating costs:        
Selling, general and administrative expenses (2,060) (1,728) (5,736) (5,294)
Research and development expenses (383) (362) (1,142) (1,096)
Operating profit 958 1,185 3,438 3,865
Nonoperating income (expense):        
Other income (expense), net 102 (47) 7 (38)
Interest expense (87) (70) (217) (201)
Interest income 4 79 103 186
Earnings before income taxes 977 1,147 3,331 3,812
Income taxes (159) (207) (518) (712)
Net earnings from continuing operations 818 940 2,813 3,100
Earnings from discontinued operations, net of income taxes 0 189 0 585
Net earnings 818 1,129 2,813 3,685
Mandatory convertible preferred stock dividends 0 0 0 (21)
Net earnings attributable to common stockholders $ 818 $ 1,129 $ 2,813 $ 3,664
Net earnings per common share        
Net earnings per common share from continuing operations, basic (in usd per share) $ 1.13 $ 1.27 $ 3.83 $ 4.19
Net earnings per common share from continuing operations, diluted (in usd per share) 1.12 1.26 3.80 [1] 4.15
Net earnings per common share from discontinued operations, basic (in usd per share) 0 0.26 0 0.80
Net earnings per common share from discontinued operations, diluted (in usd per share) 0 0.25 0 0.79 [1]
Net earnings per common share, basic (in usd per share) 1.13 1.53 3.83 4.98 [1],[2]
Net earnings per common share, diluted (in usd per share) $ 1.12 $ 1.51 $ 3.80 [1] $ 4.94
Average common stock and common equivalent shares outstanding:        
Basic (in shares) 723.0 739.4 733.8 735.4
Diluted (in shares) 729.4 745.9 740.1 742.1
[1]
(a) Net earnings per common share amounts for the relevant three-month periods do not add to the nine-month period amount due to rounding.
(b) Net earnings per common share amounts do not add due to rounding.
[2] Net earnings per common share amounts do not add due to rounding.