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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Jul. 02, 2016
Jun. 27, 2015
Revenues        
Product revenues $ 3,896.1 $ 3,677.2 $ 7,586.5 $ 7,064.8
Service revenues 639.1 593.7 1,243.5 1,124.9
Total revenues 4,535.2 4,270.9 8,830.0 8,189.7
Costs and Operating Expenses:        
Cost of product revenues 2,039.3 1,907.0 3,972.9 3,627.8
Cost of service revenues 417.4 422.1 820.7 797.6
Selling, general and administrative expenses 1,223.1 1,151.0 2,436.0 2,288.4
Research and development expenses 182.4 174.6 358.9 340.4
Restructuring and other costs, net 35.4 20.4 86.0 52.4
Total costs and operating expenses 3,897.6 3,675.1 7,674.5 7,106.6
Operating Income 637.6 595.8 1,155.5 1,083.1
Other Expense, Net (116.5) (92.2) (211.4) (197.5)
Income from Continuing Operations Before Income Taxes 521.1 503.6 944.1 885.6
(Provision for) Benefit from Income Taxes (4.3) 8.0 (25.0) 11.1
Income from Continuing Operations 516.8 511.6 919.1 896.7
Loss from Discontinued Operations (net of income tax benefit of $0.1, $0.0, $0.2 and $0.0) (0.2) 0.0 (0.3) 0.0
Net Income $ 516.6 $ 511.6 $ 918.8 $ 896.7
Earnings per Share from Continuing Operations        
Basic (in dollars per share) $ 1.31 $ 1.28 $ 2.33 $ 2.25
Diluted (in dollars per share) 1.30 1.27 2.31 2.23
Earnings per Share        
Basic (in dollars per share) 1.31 1.28 2.33 2.25
Diluted (in dollars per share) $ 1.30 $ 1.27 $ 2.31 $ 2.23
Weighted Average Shares        
Basic (in shares) 393.9 398.4 394.9 398.1
Diluted (in shares) 396.7 401.5 397.7 401.5
Cash Dividends Declared per Common Share (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30