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
Mar. 30, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net revenue $ 16,061 $ 16,066
Cost of sales 6,972 6,335
Gross margin 9,089 9,731
Research and development 3,332 3,311
Marketing, general and administrative 1,533 1,900
Amortization of acquisition-related intangibles 50 50
Operating expenses 4,915 5,261
Operating income 4,174 4,470
Gains (losses) on equity investments, net 434 643
Interest and other, net (61) (102)
Income before taxes 4,547 5,011
Provision for taxes 573 557
Net income $ 3,974 $ 4,454
Earnings per share - Basic (in dollars per share) $ 0.88 $ 0.95
Earnings per share - Diluted (in dollars per share) $ 0.87 $ 0.93
Weighted average shares of common stock outstanding:    
Basic (shares) 4,492 4,674
Diluted (shares) 4,564 4,790