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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sales $ 9,775 $ 8,971 $ 28,652 $ 26,569
Operating costs and expenses        
General and administrative expenses 1,025 974 3,136 2,955
Total operating costs and expenses 8,759 8,127 25,722 23,874
Operating income 1,016 844 2,930 2,695
Other (expense) income        
Interest expense (141) (122) (417) (386)
Non-operating FAS pension benefit 132 376 397 1,129
Other, net 111 (8) 193 (54)
Earnings before income taxes 1,118 1,090 3,103 3,384
Federal and foreign income tax expense 181 175 512 568
Net earnings $ 937 $ 915 $ 2,591 $ 2,816
Basic earnings per share        
Basic earnings per share $ 6.20 $ 5.92 $ 17.07 $ 18.13
Weighted-average common shares outstanding, in millions 151.2 154.6 151.8 155.3
Diluted earnings per share        
Diluted earnings per share $ 6.18 $ 5.89 $ 17.00 $ 18.06
Weighted-average diluted shares outstanding, in millions 151.7 155.3 152.4 155.9
Net earnings (from above) $ 937 $ 915 $ 2,591 $ 2,816
Change in cumulative translation adjustment (6) 7 (11) 22
Change in other, net (3) 0 (5) (1)
Other comprehensive income (loss), net of tax 3 (7) 6 (23)
Comprehensive income 940 908 2,597 2,793
Product [Member]        
Sales 7,678 6,979 22,390 20,599
Cost of Sales 6,135 5,589 17,738 16,250
Service [Member]        
Sales 2,097 1,992 6,262 5,970
Cost of Sales $ 1,599 $ 1,564 $ 4,848 $ 4,669