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. 01, 2017
Apr. 02, 2016
Income Statement [Abstract]    
Net revenue $ 14,796 $ 13,702
Cost of sales 5,649 5,572
Gross margin 9,147 8,130
Research and development 3,326 3,246
Marketing, general and administrative 2,104 2,226
Restructuring and other charges 80 0
Amortization of Acquisition-Related Intangible Assets 38 90
Operating expenses 5,548 5,562
Operating income 3,599 2,568
Gains (losses) on equity investments, net 252 22
Interest and other, net (36) (82)
Income before taxes 3,815 2,508
Provision for taxes 851 462
Net income $ 2,964 $ 2,046
Basic earnings per share of common stock (in dollars per share) $ 0.63 $ 0.43
Diluted earnings per share of common stock (in dollars per share) 0.61 0.42
Cash dividends declared per share of common stock (in dollars per share) $ 0.5325 $ 0.52
Weighted average shares of common stock outstanding:    
Basic (shares) 4,723 4,722
Diluted (shares) 4,881 4,875