Financial Highlights

  FISCAL YEAR ENDED   PERCENT CHANGE
(Dollars in thousands, except for per share data) July 3, 2010
(53 weeks)
June 27, 2009 June 28, 2008   2010-09 2009-08
Sales $ 37,243,495   $ 36,853,330   $ 37,522,111     1%  (2)%
Operating income   1,975,868     1,872,211     1,879,949     6 (0)
Earnings before income taxes   1,849,589     1,770,834     1,791,338     4 (1)
Net earnings   1,179,983     1,055,948     1,106,151     12 (5)
Diluted earnings per share   1.99     1.77     1.81     12 (2)
Dividends declared per share   0.99     0.94     0.85     5 11
Shareholders’ equity per share   6.50     5.85     5.68     11 3
Capital expenditures $ 594,604   $ 464,561   $ 515,963     28 (10)
Return on invested capital   19 %   19 %   21 %   - (2)
Diluted average shares outstanding   593,590,042     596,069,204     610,970,783     (0) (2)
Number of shares repurchased   6,000,000     16,951,200     16,769,900     (65) 1
Number of employees   46,000     47,000     50,000     (2) (6)
Number of shareholders of record   15,158     12,564     13,015     21 (3)

Our financial results are impacted by accounting changes and the adoption of various accounting standards. Information regarding these changes is available in our Annual Report on Form 10-K for fiscal 2010, which is included in this Annual Report.


SALES

in billions of dollars

OPERATING INCOME

in billions of dollars

DILUTED EARNINGS PER SHARE

in dollars