Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Income

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Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2016
Mar. 28, 2015
Income Statement [Abstract]    
Net revenue $ 13,702 $ 12,781
Cost of sales 5,572 5,051
Gross margin 8,130 7,730
Research and development 3,246 2,995
Marketing, general and administrative 2,226 1,953
Restructuring and asset impairment charges 0 105
Amortization of acquisition-related intangibles 90 62
Operating expenses 5,562 5,115
Operating income 2,568 2,615
Gains (losses) on equity investments, net 22 32
Interest and other, net (82) 26
Income before taxes 2,508 2,673
Provision for taxes 462 681
Net income $ 2,046 $ 1,992
Basic earnings per share of common stock (in dollars per share) $ 0.43 $ 0.42
Diluted earnings per share of common stock (in dollars per share) 0.42 0.41
Cash dividends declared per share of common stock (in dollars per share) $ 0.52 $ 0.48
Weighted average shares of common stock outstanding:    
Basic (shares) 4,722 4,741
Diluted (shares) 4,875 4,914