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 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Income Statement [Abstract]        
Net revenue $ 16,962 $ 14,763 $ 33,028 $ 29,559
Cost of sales 6,543 5,667 12,878 11,303
Gross margin 10,419 9,096 20,150 18,256
Research and development 3,371 3,262 6,682 6,573
Marketing, general and administrative 1,725 1,850 3,625 3,949
Restructuring and other charges 0 105 0 185
Amortization of acquisition-related intangibles 50 37 100 75
Operating expenses 5,146 5,254 10,407 10,782
Operating income 5,273 3,842 9,743 7,474
Gains (losses) on equity investments, net (203) 342 440 594
Interest and other, net 459 388 357 319
Income before taxes 5,529 4,572 10,540 8,387
Provision for taxes 523 1,764 1,080 2,615
Net income $ 5,006 $ 2,808 $ 9,460 $ 5,772
Earnings per share - Basic (in dollars per share) $ 1.08 $ 0.60 $ 2.03 $ 1.22
Earnings per share - Diluted (in dollars per share) 1.05 0.58 1.98 1.19
Cash dividends declared per share of common stock (in dollars per share) $ 0.0000 $ 0.0000 $ 0.6000 $ 0.5325
Weighted average shares of common stock outstanding:        
Basic (shares) 4,649 4,710 4,661 4,717
Diluted (shares) 4,747 4,845 4,768 4,864