Financial Summary (All financials)
| In millions, except per share items | Jan-02-22 | Jan-03-21 | Dec-29-19 |
| Revenues | 15,054 | 14,467 | 14,324 |
| Revenue growth | 4.1% | 1.0% | |
| Cost of goods sold | 6,635 | 6,619 | 6,662 |
| Gross profit | 8,419 | 7,848 | 7,662 |
| Gross margin | 55.9% | 54.2% | 53.5% |
| Selling, general and administrative | 5,484 | 4,956 | 5,198 |
| EBIT | 9,575 | 9,474 | 9,400 |
| EBIT margin | 63.6% | 65.5% | 65.6% |
| Pre-tax income | 2,925 | -1,016 | 2,120 |
| Income taxes | 894 | -137 | 685 |
| Tax rate | 30.6% | 13.5% | 32.3% |
| Net income | 2,031 | -879 | 1,435 |
| Net margin | 13.5% | -6.1% | 10.0% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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