v3.22.1
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2022
Mar. 27, 2021
Income Statement [Abstract]    
Net revenue $ 18,353 $ 19,673
Cost of sales 9,109 8,819
Gross margin 9,244 10,854
Research and development 4,362 3,623
Marketing, general and administrative 1,752 1,328
Restructuring and other charges (1,211) 2,209
Operating expenses 4,903 7,160
Operating income 4,341 3,694
Gains (losses) on equity investments, net 4,323 368
Interest and other, net 997 (156)
Income before taxes 9,661 3,906
Provision for taxes 1,548 545
Net income $ 8,113 $ 3,361
Earnings per share - Basic (in dollars per share) $ 1.99 $ 0.83
Earnings per share - Diluted (in dollars per share) $ 1.98 $ 0.82
Weighted average shares of common stock outstanding:    
Basic (shares) 4,079 4,056
Diluted (shares) 4,107 4,096

Source