Item 6. Selected Financial Data

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Item 6. Selected Financial Data

Selected Statement of Earnings Data (In millions, except per share data)2016 12015201420132012
Net sales$65,017$59,074$56,223$53,417$50,521
Gross margin22,46420,57019,55818,47617,327
Operating income5,8464,9714,7924,1493,560
Net earnings3,0932,5462,6982,2861,959
Basic earnings per common share3.482.732.712.141.69
Diluted earnings per common share3.472.732.712.141.69
Dividends per share$1.33$1.07$0.87$0.70$0.62
Selected Balance Sheet Data
Total assets$34,408$31,266$31,721$32,471$32,441
Long-term debt, excluding current maturities$14,394$11,545$10,806$10,077$9,022
1Fiscal 2016 contained 53 weeks, while all other years contained 52 weeks.

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