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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Sales        
Product $ 4,790 $ 4,037 $ 9,079 $ 8,034
Service 2,329 2,436 4,775 4,849
Total sales 7,119 6,473 13,854 12,883
Operating costs and expenses        
Product 3,694 3,037 6,959 6,020
Service 1,863 1,877 3,768 3,744
General and administrative expenses 739 686 1,450 1,384
Operating income 823 873 1,677 1,735
Other (expense) income        
Interest expense (144) (76) (287) (151)
Net FAS (non-service) Pension Benefit (Expense) 125 (17) 245 (35)
Other, net 45 32 85 51
Earnings before income taxes 849 812 1,720 1,600
Federal and foreign income tax expense 160 257 292 395
Net earnings $ 689 $ 555 $ 1,428 $ 1,205
Basic earnings per share        
Basic earnings per share $ 3.95 $ 3.18 $ 8.19 $ 6.90
Weighted-average common shares outstanding, in millions 174.5 174.5 174.4 174.7
Diluted earnings per share        
Diluted earnings per share $ 3.93 $ 3.16 $ 8.14 $ 6.85
Weighted-average diluted shares outstanding, in millions 175.4 175.5 175.4 175.8
Net earnings (from above) $ 689 $ 555 $ 1,428 $ 1,205
Change in unamortized benefit plan costs, net of tax 86 102 172 201
Change in cumulative translation adjustment 0 (4) (2) 0
Other, net (3) 1 (4) 3
Other comprehensive income, net of tax 83 99 166 204
Comprehensive income $ 772 $ 654 $ 1,594 $ 1,409