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Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Condensed Consolidated Statements of Earnings        
Net Revenues $ 5,944 $ 5,019 $ 16,459 $ 14,508
Cost of products sold 1,167 1,094 3,025 3,307
Selling, general and administrative 1,474 1,595 4,650 4,383
Research and development 1,418 812 3,210 2,418
Acquired in-process research and development   308 150 324
Other expense   250   250
Total operating costs and expenses 4,059 4,059 11,035 10,682
Operating earnings 1,885 960 5,424 3,826
Interest expense, net 197 128 487 262
Net foreign exchange loss 13 174 191 182
Other (income) expense, net 28 (29) 25 (24)
Earnings before income tax expense 1,647 687 4,721 3,406
Income tax expense 408 181 1,094 822
Net earnings $ 1,239 $ 506 $ 3,627 $ 2,584
Per share data        
Basic earnings per share (in dollars per share) $ 0.75 $ 0.32 $ 2.22 $ 1.61
Diluted earnings per share (in dollars per share) 0.74 0.31 2.21 1.60
Cash dividends declared per common share (in dollars per share) $ 0.51 $ 0.42 $ 1.53 $ 1.26
Weighted-average basic shares outstanding (in shares) 1,652 1,595 1,623 1,595
Weighted-average diluted shares outstanding (in shares) 1,664 1,610 1,635 1,609