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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Sales $ 7,320.0 $ 6,452.7 $ 5,756.1
Cost of sales (3,639.7) (3,131.4) (2,834.7)
Gross profit 3,680.3 3,321.3 2,921.4
Operating costs:      
Selling, general, and administrative expenses (2,219.5) (1,728.6) (1,409.1)
Research and development expenses (456.7) (414.3) (369.3)
Operating profit 1,004.1 1,178.4 1,143.0
Non-operating expenses, net:      
Gains from acquisition and combination of business 40.8 0.0 15.3
Interest expense, net (164.2) (97.0) (88.7)
Other non-operating expenses, net (6.2) (3.0) 4.0
Earnings from continuing operations before income taxes 874.5 1,078.4 1,073.6
Income taxes (149.1) (160.1) (189.3)
Net earnings from continuing operations 725.4 918.3 884.3
Earnings from discontinued operations, net of income taxes 13.5 1,995.5 160.2
Net earnings 738.9 2,913.8 1,044.5
Mandatory convertible preferred dividends (69.0) (34.9) 0.0
Net earnings attributable to common stockholders $ 669.9 $ 2,878.9 $ 1,044.5
Net earnings per common share from continuing operations:      
Net earnings per share from continuing operations, Basic (in dollars per share) $ 1.95 $ 2.56 $ 2.54
Net earnings per share from continuing operations, Diluted (in dollars per share) 1.93 2.52 2.51
Net earnings per common share from discontinued operations:      
Net earnings per share from discontinued operations, Basic (in dollars per share) 0.04 5.78 0.46
Net earnings per share from discontinued operations, Diluted (in dollars per share) 0.04 5.69 0.45
Net earnings per common share:      
Net earnings per share, Basic (in dollars per share) 1.99 8.33 3.01
Net earnings per share, Diluted (in dollars per share) $ 1.97 $ 8.21 $ 2.96
Average common stock and common equivalent shares outstanding:      
Average common stock and common equivalent shares outstanding, Basic (in shares) 335.8 345.5 347.5
Average common stock and common equivalent shares outstanding, Diluted (in shares) 340.0 350.7 352.6
Products      
Sales $ 6,396.9 $ 5,755.0 $ 5,173.3
Cost of sales (3,050.8) (2,657.2) (2,440.3)
Services      
Sales 923.1 697.7 582.8
Cost of sales $ (588.9) $ (474.2) $ (394.4)