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
Mar. 30, 2013
Mar. 31, 2012
Net revenue $ 12,580 $ 12,906
Cost of sales 5,514 4,641
Gross margin 7,066 8,265
Research and development 2,527 2,401
Marketing, general and administrative 1,947 1,973
Operating expenses 4,547 4,455
Operating income 2,519 3,810
Gains (losses) on equity investments, net (26) (19)
Interest and other, net (50) 23
Income before taxes 2,443 3,814
Provision for taxes 398 1,076
Net income 2,045 2,738
Basic earnings per common share (in dollars per share) $ 0.41 $ 0.55
Diluted earnings per common share (in dollars per share) $ 0.40 $ 0.53
Cash dividends declared per common share (in dollars per share) $ 0.45 $ 0.42
Weighted average common shares outstanding:    
Basic (shares) 4,948 4,999
Diluted (shares) 5,080 5,192
Operating Expense [Member]
   
Amortization of acquisition-related intangibles $ 73 $ 81