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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales $ 8,884 $ 8,456 $ 17,504 $ 16,645
Operating costs and expenses        
General and administrative expenses 832 784 1,620 1,544
Operating income 994 946 1,928 1,882
Other (expense) income        
Interest expense (154) (137) (279) (275)
FAS (non-service) pension benefit 303 200 605 400
Other, net 60 19 2 55
Earnings before income taxes 1,203 1,028 2,256 2,062
Federal and foreign income tax expense 198 167 383 338
Net earnings $ 1,005 $ 861 $ 1,873 $ 1,724
Basic earnings per share        
Basic earnings per share $ 6.02 $ 5.07 $ 11.20 $ 10.15
Weighted-average common shares outstanding, in millions 166.9 169.7 167.3 169.9
Diluted earnings per share        
Diluted earnings per share $ 6.01 $ 5.06 $ 11.16 $ 10.11
Weighted-average diluted shares outstanding, in millions 167.3 170.3 167.9 170.5
Net earnings (from above) $ 1,005 $ 861 $ 1,873 $ 1,724
Change in unamortized prior service credit, net of tax (11) (12) (21) (23)
Change in cumulative translation adjustment and other, net 10 (4) 1 0
Other comprehensive loss, net of tax (1) (16) (20) (23)
Comprehensive income 1,004 845 1,853 1,701
Product [Member]        
Sales 6,482 5,880 12,658 11,608
Cost of Sales 5,127 4,661 10,079 9,178
Service [Member]        
Sales 2,402 2,576 4,846 5,037
Cost of Sales $ 1,931 $ 2,065 $ 3,877 $ 4,041