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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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Sales $ 9,151 $ 8,884 $ 18,308 $ 17,504
Operating costs and expenses        
General and administrative expenses 999 832 1,897 1,620
Total operating costs and expenses 8,107 7,890 16,422 15,576
Gain on sale of business 0 0 1,980 0
Operating income 1,044 994 3,866 1,928
Other (expense) income        
Interest expense (136) (154) (291) (279)
Non-operating FAS pension benefit 367 303 734 605
Other, net 27 60 9 2
Earnings before income taxes 1,302 1,203 4,318 2,256
Federal and foreign income tax expense 265 198 1,086 383
Net earnings $ 1,037 $ 1,005 $ 3,232 $ 1,873
Basic earnings per share        
Basic earnings per share $ 6.44 $ 6.02 $ 19.95 $ 11.20
Weighted-average common shares outstanding, in millions 161.0 166.9 162.0 167.3
Diluted earnings per share        
Diluted earnings per share $ 6.42 $ 6.01 $ 19.89 $ 11.16
Weighted-average diluted shares outstanding, in millions 161.5 167.3 162.5 167.9
Net earnings (from above) $ 1,037 $ 1,005 $ 3,232 $ 1,873
Change in unamortized prior service credit, net of tax (2) (11) (4) (21)
Change in cumulative translation adjustment and other, net 1 10 0 1
Other comprehensive loss, net of tax (1) (1) (4) (20)
Comprehensive income 1,036 1,004 3,228 1,853
Product [Member]        
Sales 7,193 6,482 14,215 12,658
Cost of Sales 5,620 5,127 11,310 10,079
Service [Member]        
Sales 1,958 2,402 4,093 4,846
Cost of Sales $ 1,488 $ 1,931 $ 3,215 $ 3,877