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Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Condensed Consolidated Statements of Earnings        
Net Revenues $ 5,475 $ 4,926 $ 10,515 $ 9,489
Cost of products sold 916 1,113 1,858 2,213
Selling, general and administrative 1,703 1,448 3,176 2,788
Research and development 981 834 1,792 1,606
Acquired in-process research and development 23 16 150 16
Total operating costs and expenses 3,623 3,411 6,976 6,623
Operating earnings 1,852 1,515 3,539 2,866
Interest expense, net 164 69 290 134
Net foreign exchange loss 14 5 178 8
Other (income) expense, net (4) 8 (3) 5
Earnings before income tax expense 1,678 1,433 3,074 2,719
Income tax expense 312 335 686 641
Net earnings $ 1,366 $ 1,098 $ 2,388 $ 2,078
Per share data        
Basic earnings per share (in dollars per share) $ 0.84 $ 0.69 $ 1.48 $ 1.30
Diluted earnings per share (in dollars per share) 0.83 0.68 1.47 1.29
Cash dividends declared per common share (in dollars per share) $ 0.51 $ 0.42 $ 1.02 $ 0.84
Weighted-average basic shares outstanding (in shares) 1,620 1,594 1,608 1,594
Weighted-average diluted shares outstanding (in shares) 1,633 1,608 1,621 1,608