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Quarterly Results (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Results (Unaudited)  
Quarterly Results (Unaudited)

 

(in millions except per share data)

                                                                                                                                                                                    

 

 

2014

 

2013

 

First Quarter

 

 

 

 

 

 

 

Continuing Operations:

 

 

 

 

 

 

 

Net Sales

 

$

4,755 

 

$

4,847 

 

Gross Profit

 

 

2,354 

 

 

2,479 

 

Earnings from Continuing Operations

 

 

224 

 

 

464 

 

Basic Earnings per Common Share

 

 

0.15 

 

 

0.29 

 

Diluted Earnings per Common Share

 

 

0.14 

 

 

0.29 

 

Net Earnings

 

 

375 

 

 

545 

 

Basic Earnings Per Common Share (a)

 

 

0.24 

 

 

0.35 

 

Diluted Earnings Per Common Share (a)

 

 

0.24 

 

 

0.34 

 

Market Price Per Share-High

 

 

40.49 

 

 

35.34 

 

Market Price Per Share-Low

 

 

35.65 

 

 

31.64 

 

Second Quarter

 

 


 

 

 


 

 

Continuing Operations:

 

 

 

 

 

 

 

Net Sales

 

$

5,057 

 

$

4,933 

 

Gross Profit

 

 

2,636 

 

 

2,429 

 

Earnings from Continuing Operations

 

 

425 

 

 

397 

 

Basic Earnings per Common Share

 

 

0.28 

 

 

0.25 

 

Diluted Earnings per Common Share

 

 

0.28 

 

 

0.25 

 

Net Earnings

 

 

466 

 

 

476 

 

Basic Earnings Per Common Share (a)

 

 

0.30 

 

 

0.30 

 

Diluted Earnings Per Common Share (a)

 

 

0.30 

 

 

0.30 

 

Market Price Per Share-High

 

 

41.30 

 

 

38.77 

 

Market Price Per Share-Low

 

 

36.65 

 

 

34.69 

 

Third Quarter

 

 


 

 

 


 

 

Continuing Operations:

 

 

 

 

 

 

 

Net Sales

 

$

5,079 

 

$

4,805 

 

Gross Profit

 

 

2,628 

 

 

2,417 

 

Earnings from Continuing Operations

 

 

438 

 

 

644 

 

Basic Earnings per Common Share

 

 

0.29 

 

 

0.41 

 

Diluted Earnings per Common Share

 

 

0.29 

 

 

0.41 

 

Net Earnings

 

 

538 

 

 

966 

 

Basic Earnings Per Common Share (a)

 

 

0.36 

 

 

0.62 

 

Diluted Earnings Per Common Share (a)

 

 

0.36 

 

 

0.61 

 

Market Price Per Share-High

 

 

44.20 

 

 

37.16 

 

Market Price Per Share-Low

 

 

40.92 

 

 

32.70 

 

Fourth Quarter

 

 


 

 

 


 

 

Continuing Operations:

 

 

 

 

 

 

 

Net Sales

 

$

5,356 

 

$

5,072 

 

Gross Profit

 

 

2,856 

 

 

2,551 

 

Earnings from Continuing Operations

 

 

634 

 

 

483 

 

Basic Earnings per Common Share

 

 

0.42 

 

 

0.31 

 

Diluted Earnings per Common Share

 

 

0.41 

 

 

0.31 

 

Net Earnings

 

 

905 

 

 

589 

 

Basic Earnings Per Common Share (a)

 

 

0.59 

 

 

0.38 

 

Diluted Earnings Per Common Share (a)

 

 

0.59 

 

 

0.37 

 

Market Price Per Share-High

 

 

46.50 

 

 

38.81 

 

Market Price Per Share-Low

 

 

39.28 

 

 

32.75 

 


(a)

The sum of the four quarters of earnings per share for 2014 and 2013 may not add to the full year earnings per share amount due to rounding and/or the use of quarter-to-date weighted average shares to calculate the earnings per share amount in each respective quarter.