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Consolidated Statements Of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 4,160 $ 3,737 $ 12,407 $ 10,089
Cost of sales 1,518 1,276 4,484 3,749
Gross profit 2,642 2,461 7,923 6,340
Research, development and engineering expenses 306 242 904 729
Selling, general and administrative expenses 1,602 1,244 4,682 3,799
Recall charges 16 2 98 (4)
Amortization of intangible assets 144 114 474 342
Total operating expenses 2,068 1,602 6,158 4,866
Operating income 574 859 1,765 1,474
Other income (expense), net (79) (79) (241) (191)
Earnings before income taxes 495 780 1,524 1,283
Income taxes 57 159 192 252
Net earnings $ 438 $ 621 $ 1,332 $ 1,031
Net earnings per share of common stock:        
Basic $ 1.17 $ 1.66 $ 3.54 $ 2.75
Diluted $ 1.14 $ 1.63 $ 3.48 $ 2.71
Weighted-average shares outstanding (in millions):        
Basic 377.1 375.7 376.8 375.3
Effect of dilutive employee stock compensation 5.6 4.5 5.5 4.7
Diluted 382.7 380.2 382.3 380.0
Cash dividends declared per share of common stock (in dollars per share) $ 0.63 $ 0.575 $ 1.89 $ 1.725