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Consolidated Condensed Statements of Income (USD $)
In Millions, except Per Share data |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jul. 02, 2011
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Jun. 26, 2010
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Jul. 02, 2011
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Jun. 26, 2010
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| Net revenue | $ 13,032 | $ 10,765 | $ 25,879 | $ 21,064 |
| Cost of sales | 5,130 | 3,530 | 10,092 | 7,300 |
| Gross margin | 7,902 | 7,235 | 15,787 | 13,764 |
| Research and development | 1,986 | 1,666 | 3,902 | 3,230 |
| Marketing, general and administrative | 1,905 | 1,584 | 3,680 | 3,098 |
| Operating expenses | 3,967 | 3,254 | 7,694 | 6,335 |
| Operating income | 3,935 | 3,981 | 8,093 | 7,429 |
| Gains (losses) on equity method investments, net | (66) | 76 | (108) | 37 |
| Gains (losses) on other equity investments, net | 41 | 117 | 111 | 125 |
| Interest and other, net | 21 | 11 | 206 | 40 |
| Income before taxes | 3,931 | 4,185 | 8,302 | 7,631 |
| Provision for taxes | 977 | 1,298 | 2,188 | 2,302 |
| Net income | 2,954 | 2,887 | 6,114 | 5,329 |
| Basic earnings per common share (in dollars per share) | $ 0.56 | $ 0.52 | $ 1.14 | $ 0.96 |
| Diluted earnings per common share (in dollars per share) | $ 0.54 | $ 0.51 | $ 1.11 | $ 0.94 |
| Cash dividends declared per common share (in dollars per share) | $ 0 | $ 0 | $ 0.3624 | $ 0.3150 |
| Weighted average common shares outstanding: | ||||
| Basic (shares) | 5,294 | 5,563 | 5,376 | 5,546 |
| Diluted (shares) | 5,441 | 5,711 | 5,527 | 5,696 |
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Amortization Of Acquisition-Related Intangibles [Member]
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| Finite-Lived Intangible Assets, Amortization Expense | $ 76 | $ 4 | $ 112 | $ 7 |
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- Definition
Gains (losses) on equity method investments, net
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- Definition
Gains (losses) on other equity investments, net.
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- Definition
Income (loss) before taxes.
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- Definition
Interest and other, net
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate amount of amortization expense recognized for intangible asset during the period. A recognized intangible asset shall be amortized over its estimated useful life to the reporting entity unless that life is determined to be indefinite. If an intangible asset has a finite useful life, but the precise length of that life is not known, that intangible asset shall be amortized over the best estimate of its useful life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
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- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to pretax income (loss) from continuing operations; income tax expense (benefit) may include interest and penalties on tax uncertainties based on the entity's accounting policy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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| X | ||||||||||
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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