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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 2,375 $ 2,403
Cost of sales 1,410 1,384
Gross margin 965 1,019
Marketing and administrative expenses 641 784
Research and development expenses 136 143
Operating income 188 92
Net interest expense 28 30
Other income, net (3,169) (86)
Income from continuing operations before income taxes 3,329 148
Income tax (benefit)/expense (58) 14
Income from continuing operations 3,387 134
(Loss) income from discontinued operations, net of tax (7) 296
Net income $ 3,380 $ 430
Income from continuing operations per common share    
Basic $ 6.17 $ 0.25
Diluted 6.13 0.24
Income from discontinued operations per common share    
Basic (0.01) 0.54
Diluted (0.01) 0.54
Net income per common share    
Basic 6.16 0.79
Diluted $ 6.12 $ 0.78
Weighted-average number of common shares outstanding    
Basic 549 543
Diluted 552 548
Cash dividends declared per common share $ 0.115 $ 0.520