filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
The following table presents selected consolidated financial data for the last five fiscal years.
| December 26, 2020 (52 weeks) | December 28, 2019 (52 weeks) | December 29, 2018 (52 weeks) | December 30, 2017 (52 weeks) | December 31, 2016 (52 weeks) | |||||||||||||||||||||||||
| (in millions, except per share data) | |||||||||||||||||||||||||||||
| Period Ended: | |||||||||||||||||||||||||||||
| Net sales | $ | 26,185 | $ | 24,977 | $ | 26,268 | $ | 26,076 | $ | 26,300 | |||||||||||||||||||
| Income/(loss)(a)(b)(c)(d) | 361 | 1,933 | (10,254) | 10,932 | 3,606 | ||||||||||||||||||||||||
| Income/(loss) attributable to common shareholders(a)(b)(c)(d) | 356 | 1,935 | (10,192) | 10,941 | 3,416 | ||||||||||||||||||||||||
| Income/(loss) per common share: | |||||||||||||||||||||||||||||
| Basic(a)(b)(c)(d) | $ | 0.29 | $ | 1.59 | $ | (8.36) | $ | 8.98 | $ | 2.81 | |||||||||||||||||||
| Diluted(a)(b)(c)(d) | 0.29 | 1.58 | (8.36) | 8.91 | 2.78 | ||||||||||||||||||||||||
| December 26, 2020 | December 28, 2019 | December 29, 2018 | December 30, 2017 | December 31, 2016 | |||||||||||||||||||||||||
| (in millions, except per share data) | |||||||||||||||||||||||||||||
| As of: | |||||||||||||||||||||||||||||
| Total assets(b) | $ | 99,830 | $ | 101,450 | $ | 103,461 | $ | 120,092 | $ | 120,617 | |||||||||||||||||||
| Long-term debt(e) | 28,070 | 28,216 | 30,770 | 28,308 | 29,712 | ||||||||||||||||||||||||
| Cash dividends per common share | $ | 1.60 | $ | 1.60 | $ | 2.50 | $ | 2.45 | $ | 2.35 |
(a) The increases in income/(loss), income/(loss) attributable to common shareholders, and basic and diluted income/(loss) per common share in 2017 compared to 2016 were primarily driven by the Tax Cuts and Jobs Act (“U.S. Tax Reform”), which was enacted in December 2017. See Note 10, Income Taxes, in Item 8, Financial Statements and Supplementary Data, in our Annual Report on Form 10-K for the year ended December 28, 2019 for additional information.
(b) The decreases in income/(loss), income/(loss) attributable to common shareholders, and basic and diluted income/(loss) per common share in 2018 compared to 2017, and the decrease in total assets from December 30, 2017 to December 29, 2018, were primarily driven by non-cash impairment losses in 2018. See Note 9, Goodwill and Intangible Assets, in Item 8, Financial Statements and Supplementary Data, in our Annual Report on Form 10-K for the year ended December 28, 2019 for additional information.
(c) The increases in income/(loss), income/(loss) attributable to common shareholders, and basic and diluted income/(loss) per common share in 2019 compared to 2018 were primarily driven by lower non-cash impairment losses in 2019. See Note 9, Goodwill and Intangible Assets, in Item 8, Financial Statements and Supplementary Data, for additional information.
(d) The decreases in income/(loss), income/(loss) attributable to common shareholders, and basic and diluted income/(loss) per common share in 2020 compared to 2019 were primarily driven by higher non-cash impairment losses in 2020. See Note 9, Goodwill and Intangible Assets, in Item 8, Financial Statements and Supplementary Data, for additional information.
(e) Amounts exclude the current portion of long-term debt.
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