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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues $ 36,799 $ 33,841 $ 30,095
Operating costs and expenses      
General and administrative expenses 3,413 3,290 3,011
Operating income 4,065 3,969 3,780
Other (expense) income      
Interest expense (593) (528) (562)
FAS (non-service) pension benefit 1,198 800 1,049
Mark-to-market pension and OPB expense (1,034) (1,800) (655)
Other, net 92 107 130
Earnings before income taxes 3,728 2,548 3,742
Federal and foreign income tax expense 539 300 513
Net earnings $ 3,189 $ 2,248 $ 3,229
Basic earnings per share      
Basic earnings per share $ 19.08 $ 13.28 $ 18.59
Weighted-average common shares outstanding, in millions 167.1 169.3 173.7
Diluted earnings per share      
Diluted earnings per share $ 19.03 $ 13.22 $ 18.49
Weighted-average diluted shares outstanding, in millions 167.6 170.0 174.6
Net earnings (from above) $ 3,189 $ 2,248 $ 3,229
Other comprehensive loss      
Change in unamortized prior service credit, net of tax expense of $14 in 2020, $15 in 2019 and $19 in 2018 (41) (47) (60)
Change in cumulative translation adjustment and other, net 10 2 (14)
Other comprehensive loss, net of tax (31) (45) (74)
Comprehensive income 3,158 2,203 3,155
Product [Member]      
Cost of Goods and Services Sold 21,559 18,675 15,785
Revenues 27,015 23,852 20,469
Service [Member]      
Cost of Goods and Services Sold 7,762 7,907 7,519
Revenues $ 9,784 $ 9,989 $ 9,626