v3.21.2
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Income Statement [Abstract]        
Net revenue $ 19,192 $ 18,333 $ 58,496 $ 57,889
Cost of sales 8,446 8,592 25,690 25,625
Gross margin 10,746 9,741 32,806 32,264
Research and development 3,803 3,272 11,141 9,901
Marketing, general and administrative 1,674 1,435 4,601 4,423
Restructuring and other charges 42 (25) 2,597 146
Operating expenses 5,519 4,682 18,339 14,470
Operating income 5,227 5,059 14,467 17,794
Gains (losses) on equity investments, net 1,707 56 2,370 212
Interest and other, net (76) (74) (328) (416)
Income before taxes 6,858 5,041 16,509 17,590
Provision for taxes 35 765 1,264 2,548
Net income $ 6,823 $ 4,276 $ 15,245 $ 15,042
Earnings per share - Basic (in dollars per share) $ 1.68 $ 1.02 $ 3.76 $ 3.55
Earnings per share - Diluted (in dollars per share) $ 1.67 $ 1.02 $ 3.73 $ 3.52
Weighted average shares of common stock outstanding:        
Basic (shares) 4,061 4,188 4,055 4,233
Diluted (shares) 4,086 4,211 4,089 4,269

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