v3.20.2
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net revenue $ 19,728 $ 16,505 $ 39,556 $ 32,566
Cost of sales 9,221 6,627 17,033 13,599
Gross margin 10,507 9,878 22,523 18,967
Research and development 3,354 3,438 6,629 6,770
Marketing, general and administrative 1,447 1,639 2,988 3,222
Restructuring and other charges 9 184 171 184
Operating expenses 4,810 5,261 9,788 10,176
Operating income 5,697 4,617 12,735 8,791
Gains (losses) on equity investments, net 267 170 156 604
Interest and other, net (29) (63) (342) (124)
Income before taxes 5,935 4,724 12,549 9,271
Provision for taxes 830 545 1,783 1,118
Net income $ 5,105 $ 4,179 $ 10,766 $ 8,153
Earnings per share - Basic (in dollars per share) $ 1.20 $ 0.94 $ 2.53 $ 1.82
Earnings per share - Diluted (in dollars per share) $ 1.19 $ 0.92 $ 2.50 $ 1.79
Weighted average shares of common stock outstanding:        
Basic (shares) 4,246 4,466 4,256 4,479
Diluted (shares) 4,284 4,523 4,298 4,543

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