XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements Of Earnings - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 14,351 $ 14,884 $ 13,601
Cost of sales 5,294 5,188 4,663
Gross profit 9,057 9,696 8,938
Research, development and engineering expenses 984 971 862
Selling, general and administrative expenses 5,361 5,356 5,099
Recall charges 17 192 23
Amortization of intangible assets 472 464 417
Total operating expenses 6,834 6,983 6,401
Operating income 2,223 2,713 2,537
Other income (expense), net (269) (151) (181)
Earnings before income taxes 1,954 2,562 2,356
Income taxes 355 479 (1,197)
Net earnings $ 1,599 $ 2,083 $ 3,553
Net earnings per share of common stock:      
Basic net earnings per share of common stock (in dollars per share) $ 4.26 $ 5.57 $ 9.50
Diluted net earnings per share of common stock (in dollars per share) $ 4.20 $ 5.48 $ 9.34
Weighted-average shares outstanding (in millions):      
Basic (in shares) 375.5 374.0 374.1
Effect of dilutive employee stock compensation (in shares) 4.8 5.9 6.2
Diluted (in shares) 380.3 379.9 380.3