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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 4,493 $ 4,294 $ 8,768 $ 8,247
Cost of sales 1,667 1,522 3,208 2,966
Gross profit 2,826 2,772 5,560 5,281
Research, development and engineering expenses 351 310 764 598
Selling, general and administrative expenses 1,539 1,505 3,249 3,080
Recall charges 4 76 18 82
Amortization of intangible assets 160 149 310 330
Total operating expenses 2,054 2,040 4,341 4,090
Operating income 772 732 1,219 1,191
Other income (expense), net (52) (70) (113) (162)
Earnings before income taxes 720 662 1,106 1,029
Income taxes 64 70 127 135
Net earnings $ 656 $ 592 $ 979 $ 894
Net earnings per share of common stock:        
Basic $ 1.73 $ 1.57 $ 2.59 $ 2.37
Diluted $ 1.72 $ 1.55 $ 2.56 $ 2.34
Weighted-average shares outstanding (in millions):        
Basic 378.3 376.9 378.0 376.6
Effect of dilutive employee stock compensation 3.9 5.4 4.5 5.4
Diluted 382.2 382.3 382.5 382.0
Cash dividends declared per share of common stock (in dollars per share) $ 0.695 $ 0.63 $ 1.39 $ 1.26