Consolidated Statements of Earnings - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 26, 2016 |
Jun. 28, 2015 |
Jun. 26, 2016 |
Jun. 28, 2015 |
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| Net sales | ||||
| Products | $ 10,045 | $ 9,157 | $ 18,989 | $ 17,010 |
| Services | 2,869 | 2,486 | 5,627 | 4,744 |
| Total net sales | 12,914 | 11,643 | 24,616 | 21,754 |
| Cost of sales | ||||
| Products | (9,086) | (8,102) | (17,178) | (15,053) |
| Services | (2,548) | (2,216) | (5,011) | (4,167) |
| Severance charges | (99) | |||
| Other unallocated, net | 144 | 46 | 331 | 100 |
| Total cost of sales | (11,490) | (10,272) | (21,957) | (19,120) |
| Gross profit | 1,424 | 1,371 | 2,659 | 2,634 |
| Other income, net | 142 | 74 | 204 | 167 |
| Operating profit | 1,566 | 1,445 | 2,863 | 2,801 |
| Interest expense | (166) | (104) | (330) | (197) |
| Other non-operating income, net | 2 | 1 | 5 | |
| Earnings before income taxes | 1,400 | 1,343 | 2,534 | 2,609 |
| Income tax expense | (379) | (414) | (615) | (802) |
| Net earnings | $ 1,021 | $ 929 | $ 1,919 | $ 1,807 |
| Earnings per common share | ||||
| Basic earnings per common share in USD | $ 3.37 | $ 2.98 | $ 6.32 | $ 5.76 |
| Diluted earnings per common share in USD | 3.32 | 2.94 | 6.23 | 5.68 |
| Cash dividends paid per common share in USD | $ 1.65 | $ 1.50 | $ 3.30 | $ 3.00 |
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- Definition Costs not allocated to the business segments and, therefore, excluded from costs of products and services sales. This principally includes the FAS/CAS pension adjustment, stock-based compensation, and other corporate costs. No definition available.
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- Definition The charge against earnings in the period for known and estimated costs of termination benefits provided to current employees that are voluntarily and involuntarily terminated under a benefit arrangement associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination or a discontinued operation as defined by generally accepted accounting principles and costs associated with one-time termination benefits. No definition available.
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- Definition Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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