XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements Of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 3,953 $ 3,588
Cost of sales 1,444 1,257
Gross profit 2,509 2,331
Research, development and engineering expenses 288 254
Selling, general and administrative expenses 1,575 1,330
Recall charges 6 (6)
Amortization of intangible assets 181 118
Total operating expenses 2,050 1,696
Operating income 459 635
Other income (expense), net (92) (45)
Earnings before income taxes 367 590
Income taxes 65 97
Net earnings $ 302 $ 493
Net earnings per share of common stock:    
Basic $ 0.80 $ 1.32
Diluted $ 0.79 $ 1.30
Weighted-average shares outstanding (in millions):    
Basic 376.3 374.8
Effect of dilutive employee stock compensation 5.4 4.9
Diluted 381.7 379.7
Cash dividends declared per share of common stock (in dollars per share) $ 0.63 $ 0.575