Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Income

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Consolidated Condensed Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Sep. 28, 2013
Sep. 29, 2012
Net revenue $ 13,483 $ 13,457 $ 38,874 $ 39,864
Cost of sales 5,069 4,942 15,924 14,530
Gross margin 8,414 8,515 22,950 25,334
Research and development 2,742 2,605 7,785 7,519
Marketing, general and administrative 1,970 1,995 6,082 6,099
Restructuring and asset impairment charges 124 0 124 0
Amortization of acquisition-related intangibles 292 268 953 801
Operating expenses 4,910 4,674 14,208 13,851
Operating income 3,504 3,841 8,742 11,483
Gains (losses) on equity investments, net 452 53 437 81
Interest and other, net (32) 27 (119) 105
Income before taxes 3,924 3,921 9,060 11,669
Provision for taxes 974 949 2,065 3,132
Net income 2,950 2,972 6,995 8,537
Basic earnings per common share (in dollars per share) $ 0.59 $ 0.59 $ 1.41 $ 1.71
Diluted earnings per common share (in dollars per share) $ 0.58 $ 0.58 $ 1.37 $ 1.65
Cash dividends declared per common share (in dollars per share) $ 0.45 $ 0.4500 $ 0.90 $ 0.8700
Weighted average common shares outstanding:        
Basic (shares) 4,981 4,996 4,969 5,006
Diluted (shares) 5,100 5,153 5,095 5,181
Operating Expense [Member]
       
Amortization of acquisition-related intangibles $ 74 $ 74 $ 217 $ 233