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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 5,494 $ 4,909 $ 16,159 $ 14,683
Cost of sales 1,977 1,751 5,893 5,328
Gross profit 3,517 3,158 10,266 9,355
Research, development and engineering expenses 377 353 1,108 1,038
Selling, general and administrative expenses 1,896 1,710 5,583 5,200
Amortization of intangible assets 159 164 467 486
Total operating expenses 2,432 2,227 7,158 6,724
Operating income 1,085 931 3,108 2,631
Other income (expense), net (42) (62) (144) (184)
Earnings before income taxes 1,043 869 2,964 2,447
Income taxes 209 177 517 425
Net earnings $ 834 $ 692 $ 2,447 $ 2,022
Net earnings per share of common stock:        
Basic (in dollars per share) $ 2.18 $ 1.82 $ 6.42 $ 5.33
Diluted (in dollars per share) $ 2.16 $ 1.80 $ 6.35 $ 5.27
Weighted-average shares outstanding (in millions):        
Basic (in shares) 381.1 379.8 380.9 379.5
Effect of dilutive employee stock compensation (in shares) 4.5 4.2 4.5 4.2
Diluted (in shares) 385.6 384.0 385.4 383.7
Cash dividends declared per share of common stock (in dollars per share) $ 0.80 $ 0.75 $ 2.40 $ 2.25