v3.21.2
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Net revenue $ 19,631 $ 19,728 $ 39,304 $ 39,556
Cost of sales 8,425 9,221 17,244 17,033
Gross margin 11,206 10,507 22,060 22,523
Research and development 3,715 3,354 7,338 6,629
Marketing, general and administrative 1,599 1,447 2,927 2,988
Restructuring and other charges 346 9 2,555 171
Operating expenses 5,660 4,810 12,820 9,788
Operating income 5,546 5,697 9,240 12,735
Gains (losses) on equity investments, net 295 267 663 156
Interest and other, net (96) (29) (252) (342)
Income before taxes 5,745 5,935 9,651 12,549
Provision for taxes 684 830 1,229 1,783
Net income $ 5,061 $ 5,105 $ 8,422 $ 10,766
Earnings per share - Basic (in dollars per share) $ 1.25 $ 1.20 $ 2.08 $ 2.53
Earnings per share - Diluted (in dollars per share) $ 1.24 $ 1.19 $ 2.06 $ 2.50
Weighted average shares of common stock outstanding:        
Basic (shares) 4,049 4,246 4,053 4,256
Diluted (shares) 4,084 4,284 4,090 4,298

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