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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Sep. 30, 2023
Sep. 24, 2022
Income Statement [Abstract]        
Net sales $ 6,570 $ 6,505 $ 19,780 $ 19,104
Cost of products sold 4,335 4,662 13,171 13,346
Gross profit 2,235 1,843 6,609 5,758 Close
Selling, general and administrative expenses, excluding impairment losses 920 798 2,675 2,437 Close
Goodwill impairment losses 510 220 510 444 Close
Intangible asset impairment losses 152 74 152 469 Close
Selling, general and administrative expenses 1,582 1,092 3,337 3,350 CloseClose
Total Operating Expenses 3164.0 2184.0 6674.0 6700.0 0 Close
Operating income/(loss) 653 751 3,272 2,408 Close
Interest expense 228 228 683 704 Close
Total Other Income Expenses 193.0 206.0 589.0 493.0 0.0 Close
Other expense/(income) (35) (22) (94) (211) CloseCloseClose
Income/(loss) before income taxes 460 545 2,683 1,915 Close
Provision for/(benefit from) income taxes 206 110 594 434 Close
Net income/(loss) 254 435 2,089 1,481 Close
Net income/(loss) attributable to noncontrolling interest (8) 3 (9) 8
Net income/(loss) attributable to common shareholders $ 262 $ 432 $ 2,098 $ 1,473
Per share data applicable to common shareholders:        
Basic earnings/(loss) per common share (in dollars per share) $ 0.21 $ 0.35 $ 1.71 $ 1.20
Diluted earnings/(loss) per common share (in dollars per share) $ 0.21 $ 0.35 $ 1.70 $ 1.19