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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Total net sales $ 16,220 $ 14,427 $ 31,871 $ 28,763
Total cost of sales (14,007) (12,434) (27,567) (24,582)
Gross profit 2,213 1,993 4,304 4,181
Other (expense) income, net (127) 15 (96) 110
Operating profit 2,086 2,008 4,208 4,291
Interest expense (149) (163) (297) (334)
Other non-operating income (expense), net 25 (162) 81 (329)
Earnings before income taxes 1,962 1,683 3,992 3,628
Income tax expense (336) (263) (649) (504)
Net earnings $ 1,626 $ 1,420 $ 3,343 $ 3,124
Earnings per common share        
Basic (in dollars per share) $ 5.81 $ 5.03 $ 11.92 $ 11.07
Diluted (in dollars per share) 5.79 5.00 11.87 11.00
Cash dividends paid per common share (in dollars per share) $ 2.40 $ 2.20 $ 4.80 $ 4.40
Products        
Total net sales $ 13,572 $ 12,003 $ 26,738 $ 23,973
Total cost of sales (12,092) (10,674) (23,834) (21,299)
Services        
Total net sales 2,648 2,424 5,133 4,790
Total cost of sales (2,339) (2,194) (4,552) (4,241)
Other unallocated, net        
Total cost of sales $ 424 $ 434 $ 819 $ 958