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Selected Quarterly Financial Information (Unaudited)
12 Months Ended
Sep. 26, 2020
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information (Unaudited) Selected Quarterly Financial Information (Unaudited)
The following tables show a summary of the Company’s quarterly financial information for each of the four quarters of 2020 and 2019 (in millions, except per share amounts):
Fourth QuarterThird QuarterSecond QuarterFirst Quarter
2020:
Total net sales
$64,698 $59,685 $58,313 $91,819 
Gross margin
$24,689 $22,680 $22,370 $35,217 
Net income
$12,673 $11,253 $11,249 $22,236 
Earnings per share (1):
Basic$0.74 $0.65 $0.64 $1.26 
Diluted$0.73 $0.65 $0.64 $1.25 
Fourth QuarterThird QuarterSecond QuarterFirst Quarter
2019:
Total net sales
$64,040 $53,809 $58,015 $84,310 
Gross margin
$24,313 $20,227 $21,821 $32,031 
Net income
$13,686 $10,044 $11,561 $19,965 
Earnings per share (1):
Basic
$0.76 $0.55 $0.62 $1.05 
Diluted
$0.76 $0.55 $0.61 $1.05 
(1)Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.