v3.21.1
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Income Statement [Abstract]    
Net revenue $ 19,673 $ 19,828
Cost of sales 8,819 7,812
Gross margin 10,854 12,016
Research and development 3,623 3,275
Marketing, general and administrative 1,328 1,541
Restructuring and other charges 2,209 162
Operating expenses 7,160 4,978
Operating income 3,694 7,038
Gains (losses) on equity investments, net 368 (111)
Interest and other, net (156) (313)
Income before taxes 3,906 6,614
Provision for taxes 545 953
Net income $ 3,361 $ 5,661
Earnings per share - Basic (in dollars per share) $ 0.83 $ 1.33
Earnings per share - Diluted (in dollars per share) $ 0.82 $ 1.31
Weighted average shares of common stock outstanding:    
Basic (shares) 4,056 4,266
Diluted (shares) 4,096 4,312

Source