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QUARTERLY RESULTS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information

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

 

     Year Ended December 31, 2012 (1)  
     Fourth
Quarter
     Third
Quarter
    Second
Quarter
     First
Quarter
 

Net sales

   $ 21,268       $ 13,806      $ 12,834       $ 13,185   

Income (loss) before income taxes

     337         (22     146         84   

Provision for income taxes

     194         83        109         43   

Net income (loss)

     97         (274     7         130   

Basic earnings per share

   $ 0.21       $ (0.60   $ 0.02       $ 0.29   

Diluted earnings per share

   $ 0.21       $ (0.60   $ 0.01       $ 0.28   

Shares used in computation of earnings per share:

          

Basic

     454         452        451         453   

Diluted

     461         452        458         460   

 

     Year Ended December 31, 2011 (1)  
     Fourth
Quarter
     Third
Quarter
     Second
Quarter
     First
Quarter
 

Net sales

   $ 17,431       $ 10,876       $ 9,913       $ 9,857   

Income before income taxes

     273         130         225         307   

Provision for income taxes

     86         67         49         89   

Net income

     177         63         191         201   

Basic earnings per share

   $ 0.39       $ 0.14       $ 0.42       $ 0.44   

Diluted earnings per share

   $ 0.38       $ 0.14       $ 0.41       $ 0.44   

Shares used in computation of earnings per share:

           

Basic

     455         454         453         451   

Diluted

     462         461         460         459   

 

(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.