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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sales $ 8,801 $ 9,151 $ 17,598 $ 18,308
Operating costs and expenses        
General and administrative expenses 1,005 999 1,981 1,897
Total operating costs and expenses 7,847 8,107 15,747 16,422
Gain on sale of business 0 0 0 1,980
Operating income 954 1,044 1,851 3,866
Other (expense) income        
Interest expense (131) (136) (264) (291)
Non-operating FAS pension benefit 377 367 753 734
Other, net (50) 27 (46) 9
Earnings before income taxes 1,150 1,302 2,294 4,318
Federal and foreign income tax expense 204 265 393 1,086
Net earnings $ 946 $ 1,037 $ 1,901 $ 3,232
Basic earnings per share        
Basic earnings per share $ 6.09 $ 6.44 $ 12.21 $ 19.95
Weighted-average common shares outstanding, in millions 155.4 161.0 155.7 162.0
Basic earnings per share        
Diluted earnings per share $ 6.06 $ 6.42 $ 12.16 $ 19.89
Weighted-average diluted shares outstanding, in millions 156.0 161.5 156.3 162.5
Net earnings (from above) $ 946 $ 1,037 $ 1,901 $ 3,232
Change in unamortized prior service credit 0 (2) (1) (4)
Change in cumulative translation adjustment and other, net (13) 1 (15) 0
Other comprehensive loss, net of tax (13) (1) (16) (4)
Comprehensive income 933 1,036 1,885 3,228
Product [Member]        
Sales 6,779 7,193 13,620 14,215
Cost of Sales 5,281 5,620 10,661 11,310
Service [Member]        
Sales 2,022 1,958 3,978 4,093
Cost of Sales $ 1,561 $ 1,488 $ 3,105 $ 3,215