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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 24, 2018
Jun. 25, 2017
Jun. 24, 2018
Jun. 25, 2017
Net sales        
Total net sales $ 13,398 $ 12,563 $ 25,033 $ 23,775
Cost of sales        
Total cost of sales (11,645) (10,907) (21,622) (20,713)
Severance and restructuring charges (96) 0 (96) 0
Gross profit 1,753 1,656 3,411 3,062
Other income, net 42 60 109 56
Operating profit 1,795 1,716 3,520 3,118
Interest expense (165) (160) (320) (315)
Other non-operating expense, net (210) (214) (420) (426)
Earnings before income taxes 1,420 1,342 2,780 2,377
Income tax expense (257) (387) (460) (633)
Net earnings $ 1,163 $ 955 $ 2,320 $ 1,744
Earnings per common share        
Basic (in dollars per share) $ 4.08 $ 3.31 $ 8.13 $ 6.03
Diluted (in dollars per share) 4.05 3.28 8.07 5.97
Cash dividends paid per common share (in dollars per share) $ 2.00 $ 1.82 $ 4.00 $ 3.64
Products        
Net sales        
Total net sales $ 11,150 $ 10,622 $ 20,912 $ 20,235
Cost of sales        
Total cost of sales (9,993) (9,562) (18,690) (18,306)
Services        
Net sales        
Total net sales 2,248 1,941 4,121 3,540
Cost of sales        
Total cost of sales (1,967) (1,706) (3,656) (3,140)
Other unallocated, net        
Cost of sales        
Total cost of sales $ 411 $ 361 $ 820 $ 733