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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Sales $ 9,576 $ 8,801 $ 18,877 $ 17,598
Operating costs and expenses        
General and administrative expenses 1,073 1,005 2,111 1,981
Total operating costs and expenses 8,609 7,847 16,963 15,747
Operating income 967 954 1,914 1,851
Other (expense) income        
Interest expense (147) (131) (276) (264)
Non-operating FAS pension benefit 133 377 265 753
Other, net 34 (50) 82 (46)
Earnings before income taxes 987 1,150 1,985 2,294
Federal and foreign income tax expense 175 204 331 393
Net earnings $ 812 $ 946 $ 1,654 $ 1,901
Basic earnings per share        
Basic earnings per share $ 5.35 $ 6.09 $ 10.87 $ 12.21
Weighted-average common shares outstanding, in millions 151.7 155.4 152.1 155.7
Diluted earnings per share        
Diluted earnings per share $ 5.34 $ 6.06 $ 10.83 $ 12.16
Weighted-average diluted shares outstanding, in millions 152.2 156.0 152.7 156.3
Net earnings (from above) $ 812 $ 946 $ 1,654 $ 1,901
Change in cumulative translation adjustment (3) 13 (5) 15
Change in other, net (2) 0 (2) (1)
Other comprehensive income (loss), net of tax 1 (13) 3 (16)
Comprehensive income 813 933 1,657 1,885
Product [Member]        
Sales 7,441 6,779 14,712 13,620
Cost of Sales 5,876 5,281 11,603 10,661
Service [Member]        
Sales 2,135 2,022 4,165 3,978
Cost of Sales $ 1,660 $ 1,561 $ 3,249 $ 3,105