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. 28, 2020
Mar. 30, 2019
Income Statement [Abstract]    
Net revenue $ 19,828 $ 16,061
Cost of sales 7,812 6,972
Gross margin 12,016 9,089
Research and development 3,275 3,332
Marketing, general and administrative 1,541 1,583
Restructuring and other charges 162 0
Operating expenses 4,978 4,915
Operating income 7,038 4,174
Gains (losses) on equity investments, net (111) 434
Interest and other, net (313) (61)
Income before taxes 6,614 4,547
Provision for taxes 953 573
Net income $ 5,661 $ 3,974
Earnings per share - Basic (in dollars per share) $ 1.33 $ 0.88
Earnings per share - Diluted (in dollars per share) $ 1.31 $ 0.87
Weighted average shares of common stock outstanding:    
Basic (shares) 4,266 4,492
Diluted (shares) 4,312 4,564