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Consolidated Statements Of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 3,737 $ 3,587 $ 10,089 $ 10,753
Cost of sales 1,276 1,257 3,749 3,760
Gross profit 2,461 2,330 6,340 6,993
Research, development and engineering expenses 242 246 729 717
Selling, general and administrative expenses 1,244 1,291 3,799 3,976
Recall charges 2 49 (4) 179
Amortization of intangible assets 114 116 342 352
Total operating expenses 1,602 1,702 4,866 5,224
Operating income 859 628 1,474 1,769
Other income (expense), net (79) (47) (191) (143)
Earnings before income taxes 780 581 1,283 1,626
Income taxes 159 115 252 268
Net earnings $ 621 $ 466 $ 1,031 $ 1,358
Net earnings per share of common stock:        
Basic $ 1.66 $ 1.24 $ 2.75 $ 3.63
Diluted $ 1.63 $ 1.23 $ 2.71 $ 3.58
Weighted-average shares outstanding (in millions):        
Basic 375.7 374.2 375.3 373.8
Effect of dilutive employee stock compensation 4.5 6.1 4.7 6.0
Diluted 380.2 380.3 380.0 379.8
Cash dividends declared per share of common stock (in dollars per share) $ 0.575 $ 0.52 $ 1.725 $ 1.56