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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Jun. 26, 2022
Jun. 27, 2021
Net sales        
Total net sales $ 15,446 $ 17,029 $ 30,410 $ 33,287
Cost of sales        
Total cost of sales (13,490) (14,878) (26,545) (28,950)
Severance and restructuring charges 0 0 0 (36)
Gross profit 1,956 2,151 3,865 4,337
Other income, net 7 41 31 37
Operating profit 1,963 2,192 3,896 4,374
Interest expense (141) (142) (276) (282)
Non-service FAS pension (expense) income (1,331) 94 (1,191) 187
Other non-operating (expense) income, net (161) 26 (38) 102
Earnings before income taxes 330 2,170 2,391 4,381
Income tax expense (21) (355) (349) (729)
Net earnings $ 309 $ 1,815 $ 2,042 $ 3,652
Earnings per common share        
Basic (in dollars per share) $ 1.16 $ 6.54 $ 7.65 $ 13.13
Diluted (in dollars per share) 1.16 6.52 7.62 13.08
Cash dividends paid per common share (in dollars per share) $ 2.80 $ 2.60 $ 5.60 $ 5.20
Products        
Net sales        
Total net sales $ 12,761 $ 14,258 $ 25,255 $ 28,011
Cost of sales        
Total cost of sales (11,395) (12,866) (22,556) (25,147)
Services        
Net sales        
Total net sales 2,685 2,771 5,155 5,276
Cost of sales        
Total cost of sales (2,362) (2,438) (4,537) (4,668)
Other unallocated, net        
Cost of sales        
Total cost of sales $ 267 $ 426 $ 548 $ 901