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Summary of Quarterly Data (Unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Data [Abstract] |
Summary of Quarterly Data (Unaudited) | SUMMARY OF QUARTERLY DATA (UNAUDITED)
2016 Quarter | Mar 31 | Jun 30 | Sep 30 | Dec 31
Net sales | $ | 2,495 |  | $ | 2,840 |  | $ | 2,833 |  | $ | 3,157 |
Gross profit | 1,694 |  | 1,842 |  | 1,873 |  | 2,086 |
Earnings before income taxes | 481 |  | 433 |  | 419 |  | 588 |
Net earnings | 402 |  | 380 |  | 355 |  | 510 |
Net earnings per share of common stock: |  |
Basic | $ | 1.08 |  | $ | 1.02 |  | $ | 0.95 |  | $ | 1.36 |
Diluted | $ | 1.07 |  | $ | 1.00 |  | $ | 0.94 |  | $ | 1.34 |
Market price of common stock: |  |  |  |
High | $ | 107.95 |  | $ | 119.83 |  | $ | 123.55 |  | $ | 121.84 |
Low | $ | 86.68 |  | $ | 106.26 |  | $ | 109.75 |  | $ | 106.48 |
Dividends declared per share of common stock | $ | 0.38 |  | $ | 0.38 |  | $ | 0.38 |  | $ | 0.425 |
2015 Quarter |  |  |  |
Net sales | $ | 2,379 |  | $ | 2,432 |  | $ | 2,420 |  | $ | 2,715 |
Gross profit | 1,553 |  | 1,605 |  | 1,624 |  | 1,820 |
Earnings before income taxes | 377 |  | 401 |  | 345 |  | 612 |
Net earnings | 224 |  | 392 |  | 301 |  | 522 |
Net earnings per share of common stock:
Basic | $ | 0.59 |  | $ | 1.04 |  | $ | 0.80 |  | $ | 1.39 |
Diluted | $ | 0.58 |  | $ | 1.03 |  | $ | 0.79 |  | $ | 1.38 |
Market price of common stock: |  |  |  |
High | $ | 96.18 |  | $ | 97.94 |  | $ | 105.34 |  | $ | 100.51 |
Low | $ | 89.81 |  | $ | 90.19 |  | $ | 91.73 |  | $ | 90.30 |
Dividends declared per share of common stock | $ | 0.345 |  | $ | 0.345 |  | $ | 0.345 |  | $ | 0.380 |
Price quotations were supplied by the New York Stock Exchange.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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