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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Sales $ 8,720 $ 9,083 $ 27,028 $ 26,587
Operating costs and expenses        
General and administrative expenses 891 855 2,788 2,475
Total operating costs and expenses 7,677 8,098 24,099 23,674
Gain on sale of business 0 0 1,980 0
Operating income 1,043 985 4,909 2,913
Other (expense) income        
Interest expense (132) (154) (423) (433)
Non-operating FAS pension benefit 367 302 1,101 907
Other, net (3) 34 6 36
Earnings before income taxes 1,275 1,167 5,593 3,423
Federal and foreign income tax expense 212 181 1,298 564
Net earnings $ 1,063 $ 986 $ 4,295 $ 2,859
Basic earnings per share        
Basic earnings per share $ 6.65 $ 5.91 $ 26.63 $ 17.11
Weighted-average common shares outstanding, in millions 159.8 166.8 161.3 167.1
Diluted earnings per share        
Diluted earnings per share $ 6.63 $ 5.89 $ 26.55 $ 17.05
Weighted-average diluted shares outstanding, in millions 160.4 167.3 161.8 167.7
Net earnings (from above) $ 1,063 $ 986 $ 4,295 $ 2,859
Change in unamortized prior service credit, net of tax (2) (10) (6) (31)
Change in cumulative translation adjustment and other, net (6) 6 (6) 7
Other comprehensive loss, net of tax (8) (4) (12) (24)
Comprehensive income 1,055 982 4,283 2,835
Product [Member]        
Sales 6,845 6,667 21,060 19,325
Cost of Sales 5,352 5,346 16,662 15,425
Service [Member]        
Sales 1,875 2,416 5,968 7,262
Cost of Sales $ 1,434 $ 1,897 $ 4,649 $ 5,774