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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 2,707 $ 2,558 $ 7,787 $ 7,518
Cost of sales 1,579 1,487 4,487 4,510
Gross margin 1,128 1,071 3,300 3,008
Marketing and administrative expenses 685 726 1,890 2,076
Research and development expenses 151 159 435 490
Operating income 292 186 975 442
Net interest expense 14 14 41 53
Other (income) expense, net (12) 44 10 (4,286)
Income from continuing operations before income taxes 290 128 924 4,675
Income tax expense (benefit) 42 1 139 (51)
Income from continuing operations 248 127 785 4,726
Income (loss) from discontinued operations, net of tax 3 3 3 (4)
Net income $ 251 $ 130 $ 788 $ 4,722
Income from continuing operations per common share        
Basic $ 0.46 $ 0.23 $ 1.45 $ 8.64
Diluted 0.45 0.23 1.42 8.56
Income (loss) from discontinued operations per common share        
Basic   0.01   (0.01)
Diluted   0.01   (0.01)
Net income per common share        
Basic 0.46 0.24 1.45 8.63
Diluted $ 0.45 $ 0.24 $ 1.42 $ 8.55
Weighted-average number of common shares outstanding        
Basic 545 544 543 547
Diluted 557 551 554 552
Cash dividends declared per common share $ 0.160 $ 0.130 $ 0.450 $ 0.375