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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 4,479 $ 4,160 $ 13,247 $ 12,407
Cost of sales 1,697 1,518 4,905 4,484
Gross profit 2,782 2,642 8,342 7,923
Research, development and engineering expenses 364 306 1,128 904
Selling, general and administrative expenses 1,455 1,602 4,704 4,682
Recall charges (4) 16 14 98
Amortization of intangible assets 159 144 469 474
Total operating expenses 1,974 2,068 6,315 6,158
Operating income 808 574 2,027 1,765
Other income (expense), net 8 (79) (105) (241)
Earnings before income taxes 816 495 1,922 1,524
Income taxes 0 57 127 192
Net earnings $ 816 $ 438 $ 1,795 $ 1,332
Net earnings per share of common stock:        
Basic $ 2.16 $ 1.17 $ 4.75 $ 3.54
Diluted $ 2.14 $ 1.14 $ 4.70 $ 3.48
Weighted-average shares outstanding (in millions):        
Basic 378.4 377.1 378.1 376.8
Effect of dilutive employee stock compensation 3.4 5.6 4.1 5.5
Diluted 381.8 382.7 382.2 382.3
Cash dividends declared per share of common stock (in dollars per share) $ 0.695 $ 0.63 $ 2.085 $ 1.89