Quarterly Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Unaudited quarterly results are as follows (in millions, except per share data):

	Year Ended December 31, 2018 (1)
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Net sales	$	51,042		$	52,886		$	56,576		$	72,383
Operating income	1,927			2,983			3,724			3,786
Income before income taxes	1,916			2,605			3,390			3,350
Provision for income taxes	(287		)	(74		)	(508		)	(327		)
Net income	1,629			2,534			2,883			3,027
Basic earnings per share	3.36			5.21			5.91			6.18
Diluted earnings per share	3.27			5.07			5.75			6.04
Shares used in computation of earnings per share:
Basic	484			486			488			490
Diluted	498			500			501			501

	Year Ended December 31, 2019 (1)
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Net sales	$	59,700		$	63,404		$	69,981		$	87,437
Operating income	4,420			3,084			3,157			3,879
Income before income taxes	4,401			2,889			2,632			4,053
Provision for income taxes	(836		)	(257		)	(494		)	(786		)
Net income	3,561			2,625			2,134			3,268
Basic earnings per share	7.24			5.32			4.31			6.58
Diluted earnings per share	7.09			5.22			4.23			6.47
Shares used in computation of earnings per share:
Basic	491			493			495			496
Diluted	502			503			504			505

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(1) The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is due to the effects of rounding and changes in the number of weighted-average shares outstanding for each period.