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Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Jun. 25, 2023
Jun. 26, 2022
Net sales        
Total net sales $ 16,693 $ 15,446 $ 31,819 $ 30,410
Cost of sales        
Other unallocated, net 277 205 632 424
Total cost of sales (14,603) (13,490) (27,683) (26,545)
Gross profit 2,090 1,956 4,136 3,865
Other income, net 45 7 36 31
Operating profit 2,135 1,963 4,172 3,896
Interest expense (223) (141) (425) (276)
Non-service FAS pension income (expense) 111 (1,331) 221 (1,191)
Other non-operating (expense) income, net (17) (161) 32 (38)
Earnings before income taxes 2,006 330 4,000 2,391
Income tax expense (325) (21) (630) (349)
Net earnings $ 1,681 $ 309 $ 3,370 $ 2,042
Earnings per common share        
Basic (in dollars per share) $ 6.65 $ 1.16 $ 13.28 $ 7.65
Diluted (in dollars per share) 6.63 1.16 13.24 7.62
Cash dividends paid per common share (in dollars per share) $ 3.00 $ 2.80 $ 6.00 $ 5.60
Products        
Net sales        
Total net sales $ 13,758 $ 12,761 $ 26,284 $ 25,255
Cost of sales        
Total cost of sales (12,238) (11,339) (23,389) (22,446)
Services        
Net sales        
Total net sales 2,935 2,685 5,535 5,155
Cost of sales        
Total cost of sales $ (2,642) $ (2,356) $ (4,926) $ (4,523)