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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 24, 2017
Sep. 30, 2018
Sep. 24, 2017
Net sales        
Total net sales $ 14,318 $ 12,341 $ 39,351 $ 36,116
Cost of sales        
Total cost of sales (12,397) (10,741) (34,019) (31,454)
Severance and restructuring charges 0 0 (96) 0
Gross profit 1,921 1,600 5,332 4,662
Other income, net 42 77 151 133
Operating profit 1,963 1,677 5,483 4,795
Interest expense (177) (162) (497) (477)
Other non-operating expense, net (211) (218) (631) (644)
Earnings before income taxes 1,575 1,297 4,355 3,674
Income tax expense (102) (334) (562) (967)
Net earnings $ 1,473 $ 963 $ 3,793 $ 2,707
Earnings per common share        
Basic (in dollars per share) $ 5.18 $ 3.35 $ 13.31 $ 9.38
Diluted (in dollars per share) 5.14 3.32 13.21 9.29
Cash dividends paid per common share (in dollars per share) $ 2.00 $ 1.82 $ 6 $ 5.46
Products        
Net sales        
Total net sales $ 11,918 $ 10,628 $ 32,830 $ 30,863
Cost of sales        
Total cost of sales (10,701) (9,544) (29,391) (27,850)
Services        
Net sales        
Total net sales 2,400 1,713 6,521 5,253
Cost of sales        
Total cost of sales (2,070) (1,584) (5,726) (4,724)
Other unallocated, net        
Cost of sales        
Total cost of sales $ 374 $ 387 $ 1,194 $ 1,120