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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sales $ 9,083 $ 8,475 $ 26,587 $ 25,120
Operating costs and expenses        
General and administrative expenses 855 776 2,475 2,320
Operating income 985 951 2,913 2,833
Other (expense) income        
Interest expense (154) (123) (433) (398)
FAS (non-service) pension benefit 302 200 907 600
Other, net 34 27 36 82
Earnings before income taxes 1,167 1,055 3,423 3,117
Federal and foreign income tax expense 181 122 564 460
Net earnings $ 986 $ 933 $ 2,859 $ 2,657
Basic earnings per share        
Basic earnings per share $ 5.91 $ 5.52 $ 17.11 $ 15.67
Weighted-average common shares outstanding, in millions 166.8 169.1 167.1 169.6
Diluted earnings per share        
Diluted earnings per share $ 5.89 $ 5.49 $ 17.05 $ 15.60
Weighted-average diluted shares outstanding, in millions 167.3 169.9 167.7 170.3
Net earnings (from above) $ 986 $ 933 $ 2,859 $ 2,657
Change in unamortized prior service credit, net of tax (10) (12) (31) (35)
Change in cumulative translation adjustment and other, net 6 0 7 0
Other comprehensive loss, net of tax (4) (12) (24) (35)
Comprehensive income 982 921 2,835 2,622
Product [Member]        
Sales 6,667 5,997 19,325 17,605
Cost of Sales 5,346 4,777 15,425 13,955
Service [Member]        
Sales 2,416 2,478 7,262 7,515
Cost of Sales $ 1,897 $ 1,971 $ 5,774 $ 6,012