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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Consolidated Statements of Earnings      
Net Revenues $ 22,859 $ 19,960 $ 18,790
Cost of products sold 4,500 4,426 4,581
Selling, general and administrative 6,387 7,724 5,352
Research and development 4,285 3,297 2,855
Acquired in-process research and development 150 352 338
Other expense   750  
Total operating costs and expenses 15,322 16,549 13,126
Operating earnings 7,537 3,411 5,664
Interest expense, net 686 391 278
Net foreign exchange loss 193 678 55
Other (income) expense, net 13 (27) (1)
Earnings before income tax expense 6,645 2,369 5,332
Income tax expense 1,501 595 1,204
Net earnings $ 5,144 $ 1,774 $ 4,128
Per share data      
Basic earnings per share (in dollars per share) $ 3.15 $ 1.11 $ 2.58
Diluted earnings per share (in dollars per share) 3.13 1.10 2.56
Cash dividends declared per common share (in dollars per share) $ 2.10 $ 1.75 $ 2.00 [1]
Weighted-average basic shares outstanding (in shares) 1,625 1,595 1,589
Weighted-average diluted shares outstanding (in shares) 1,637 1,610 1,604
[1] On January 4, 2013, a cash dividend of $0.40 per share of common stock was declared from pre-separation earnings and was recorded as a reduction of additional paid-in capital.